Survey: 2013 starts with 24 percent rise in job cuts

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Associated Press

Posted on January 31, 2013 at 7:30 AM

CHICAGO (AP) — A new survey finds that employers around the country planned to cut more than 40,000 jobs this month.

Challenger, Gray and Christmas says the January number is up 24 percent from December, but down 24 percent from a year ago. And it says its records dating back 20 years only show two years with fewer cuts in the first month of the year.

The cuts could be more than offset by planned hiring. The outplacement firm's survey found companies expected to make more than 60,000 hiring announcements this month.

The January job cuts were led by the financial and retail sectors.

%@AP Links

199-a-16-(John Challenger, CEO, Challenger, Gray and Christmas, in AP interview)-"in our records"-John Challenger of the outplacement firm Challenger, Gray and Christmas says employers planned more job cuts this month than in December, but the number is still remarkably low. ((longer version of cut in wrap)) (31 Jan 2013)

<<CUT *199 (01/31/13)>> 00:16 "in our records"

198-w-27-(David Melendy, AP correspondent, with John Challenger, CEO, Challenger, Gray and Christmas)--Employers planned more job cuts this month than in December. AP correspondent David Melendy reports. (31 Jan 2013)

<<CUT *198 (01/31/13)>> 00:27

204-c-13-(David Melendy, AP correspondent)-"by planned hiring"-AP correspondent David Melendy reports even with the increase in planned job cuts, the number remains among the lowest on record. (31 Jan 2013)

<<CUT *204 (01/31/13)>> 00:13 "by planned hiring"

200-a-14-(John Challenger, CEO, Challenger, Gray and Christmas, in AP interview)-"strong job news"-John Challenger of the outplacement firm Challenger, Gray and Christmas says the January job cuts are more than offset by planned hirings. (31 Jan 2013)

<<CUT *200 (01/31/13)>> 00:14 "strong job news"

203-c-13-(David Melendy, AP correspondent)-"January last year"-AP correspondent David Melendy reports planned job cuts this month were more than last month but less than a year ago. (31 Jan 2013)

<<CUT *203 (01/31/13)>> 00:13 "January last year"

201-a-15-(John Challenger, CEO, Challenger, Gray and Christmas, in AP interview)-"a year ago"-John Challenger of the outplacement firm Challenger, Gray and Christmas says two sectors led the January job cuts. (31 Jan 2013)

<<CUT *201 (01/31/13)>> 00:15 "a year ago"

202-v-29-(David Melendy, AP correspondent)--Planned job cuts have jumped up this month. AP correspondent David Melendy has the details. (31 Jan 2013)

<<CUT *202 (01/31/13)>> 00:29

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