Parallel Employment Group cuts 500 jobs in Illinois


A temporary staffing company says it will cut nearly 500 jobs in Illinois because the state's workers' compensation laws are driving up its costs.

The Chicago Tribune reports that Parallel Employment Group closed its offices in Chicago, Crystal Lake, Elgin and Wheeling. It kept open a fifth office in Naperville.

A company official says Parallel brings in 35 percent of its revenues from Illinois. But 87 percent of its workers' compensation costs also come from the state.

The majority of the laid-off workers are expected to find jobs with another company.

Employers reported about 1,400 job cuts in October. Overall, Illinois added 30,000 jobs in October, though the state unemployment rate went up to 10.1 percent.

Source: Pantagraph