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Economy and Business


Another big layoff in Cuyahoga, but officials are confident in rehiring plan
Workforce Investment Board says Ben Venue and Bank of America layoffs should be absorbed by improving manufacturing and customer service sectors
by WKSU's KEVIN NIEDERMIER


Reporter
Kevin Niedermier
 
In The Region:

Cuyahoga County is facing another big job loss. On the heels of Bank of America laying off a 1,000 people this month, Bedford cancer drug maker Ben Venue Labs says it’s shutting down, putting another 1,100 workers on the street over the next few months. Company officials say it cannot afford to continue production at the facility. WKSU’s Kevin Niedermier reports on the effort to find new jobs for people affected by this wave of layoffs.

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The Cleveland/Cuyahoga County Workforce Investment Board contacts area companies needing workers with the skill sets of employees impacted by big layoffs. Executive director, Dave Reines, says between Ben Venue, Bank of America and several smaller layoffs, his organization could be helping about 3,000 people. But, he says the news isn’t all bad.               

“While that’s going on there are other sectors that are healthy and adding jobs. It’s an interesting time. I think the financial services industry has been impacted by the rise in mortgage rates, I think Ben Venue had a particularly interesting situation that’s impact their business. But, there are a lot of manufacturing entities and customer service entities that are adding employees.”

Reines says the Ben Venue employees have strong skill sets that should appeal to many other area employers. The company will decide in a few weeks if it wants the Workforce Investment Boards help for its employees. The board will hold a job fair next Tuesday for the Bank of America employees with dozens of companies looking for new workers.
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