Layoffs Hit Bexar County in 2024: A Closer Look
Impact on Local Workforce
In San Antonio and the surrounding Bexar County, the year 2024 has seen significant layoffs affecting hundreds of workers. According to the latest reports, more than 880 jobs have been cut this year due to various company decisions.
Details of the Layoffs
Under the Worker Adjustment and Retraining Notification (WARN) Act, companies must provide notice 60 days before mass layoffs or plant closures. Notable companies involved in this year’s layoffs include:
- ABM Industries, Inc. – 176 employees affected on March 2, 2024
- BIMBO Bakeries USA, Inc. – 138 employees scheduled for layoffs on October 5, 2024
- Joyson Safety Systems – 108 employees on June 1, 2024
- 99 Cents Only Stores – 100 employees affected on June 3, 2024
- Kroger Fulfillment Network LLC-San Antonio – 73 employees on March 25, 2024
- WFS Express, Inc. – 65 employees on April 10, 2024
- Technica Corporation – 60 employees on February 15, 2024
- Quality Custom Distribution – 57 employees on September 27, 2024
- HII Mission Technologies – 57 employees on July 31, 2024
- Coach USA (Kerrville Bus Company) – 50 employees on September 3, 2024
Economic Outlook
Economists examine the broader economic impact of these layoffs on the local community. According to David McPherson, the Economics Department chair at Trinity University, while these layoffs are significant for those affected, they are relatively small compared to the overall workforce in San Antonio.
The current unemployment rate in Bexar County stands at 4.2%, an increase from last month’s rate of 3.5%. This figure has risen from 3.8% in June 2023, indicating some changes in the local job market.
Support for Affected Workers
James Keith, the director of Public and Government Relations for Workforce Solutions Alamo, emphasizes that even though layoffs are concerning, the overall economic environment remains positive. He reassures displaced workers that various resources are available to help them regain employment.
Keith mentions, “Workforce Solutions operates career centers throughout the area to help those affected by layoffs. We aim to assist individuals in finding new job opportunities, including job training and resources that might help them transition to different industries.”
Training and Resources Offered
Transitioning to a new career can vary greatly in duration and complexity. Keith elaborates, saying, “Our training programs can range from a few weeks to a few months based on the individual’s needs and target industry.”
The Bigger Picture
While some sectors face challenges, others are witnessing growth. Keith highlights an expanding construction industry in the region, providing new opportunities for workers seeking to pivot into different fields.
With companies like Toyota and JCB continuing to invest in the area, there’s hope for new job openings despite the current layoffs. The goal remains clear: getting displaced workers back on their feet as quickly as possible.
