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Generally, the WARN Act's requirements and penalties apply when an employer continues to run the business in bankruptcy, rather than close the business, and also when an employer plans a closing or mass layoff before filing bankruptcy. The WARN Act does not apply to a trustee in bankruptcy whose sole function is to close the business. [4]
WASHINGTON (Reuters) -Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% ...
(Reuters) -Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday and a union ...
Monday's notice is a part of wider cuts announced in October that are expected to affect a total of 17,000 Boeing jobs, around 10% of the company's global workforce, either through layoffs, or by ...
Labor Management Reporting and Disclosure Act; Long title: An act to provide for the reporting and disclosure of certain financial transactions and administrative practices of labor organizations and employers, to prevent abuses in the administration of trusteeships by labor organizations, to provide standards with respect to the election of officers of labor organizations, and for other purposes.
Form LM-2, along with several other forms, was developed by the OLMS to fulfill the Labor Management Reporting and Disclosure Act of 1959 reporting requirements. [2] In 2002, the OLMS rewrote parts of LM-2 in an effort to increase transparency. [3] Since 2005, all organizations have been required to file the form electronically. [4]
The layoffs are part of the debt-heavy U.S. planemaker's plan to cut 17,000 jobs, or 10% of its global workforce, according to a union official and federally required filings posted on Monday.
In order to receive the benefits displaced workers must fill a petition as a group to initiate the investigation to address the reasons of their layoff. Once the DOL finds that trade has contributed notably to the layoff, the group is certified but the individual worker must still apply for benefits at a local One-Stop Career Center. [23]