Thursday, May 22, 2008

Mass Layoffs

As expected, the news from the Department of Labor today was not good. They released data on the impact of five mass layoffs in April of 2008, which includes a loss of 1,583 jobs for at least 31 days. Included were the high profile closings of Molokai Ranch and Aloha Airlines. A mass layoff is defined as 50 or more claims for unemployment insurance from one employer during a five week period.

Compared to a year ago, there were only three mass layoffs and a loss of 185 jobs in April 2007.

Good time to remind folks about the legislature's passing of SB69 which temporarily expands the Keiki Care health insurance coverage for the children of any Hawaii based corporation that ceased doing business between February 29 and September 30, 2008. The bill is awaiting the Governor's signature.

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