Dossier
factory job cuts
Coverage of factory job cuts in the Nexus archive.
- Factory job cuts are running at their worst pace since the financial crisis, S&P Global's survey shows
Factory job cuts are occurring at the fastest rate since the 2020 lockdowns, with S&P Global's survey indicating the pace is the worst since the 2009 financial crisis. Manufacturing headcounts fell at an unprecedented rate, excluding the 2020 period.
- Factory job cuts in June neared financial crisis and Covid levels, S&P says
S&P reported that factory job cuts in June approached levels seen during the financial crisis and Covid-19, despite a better-than-expected manufacturing index driven by inventory rebuilding.