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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
Closure may be the result of a bankruptcy, where the organization lacks sufficient funds to continue operations, as a result of the proprietor of the business dying, as a result of a business being purchased by another organization (or a competitor) and shut down as superfluous, or because it is the non-surviving entity in a corporate merger.
Thirty-One Gifts announced that it will be closing by the end of the year. In a Facebook post, the Thirty-One Gifts founder Cindy Monroe announced recently that the company will be closing after ...
No notice of closing was posted on the outside of the restaurant, and most tables, chairs and other equipment have been removed from the restaurant. The Atlanta Bread Company at 2624 Watson Blvd ...
A contract may state a period of notice which either/any party is required to give to the other contractual parties. The contract between Winter Garden Theatre (London) Ltd. and Millennium Productions Ltd., which gave rise to a 1948 legal case, stated that Millennium would have to give a month's notice if it wished to terminate, but Winter Garden's obligations were not stated.
A business letter is a letter from one company to another, or such organizations and their customers, clients, or other external parties. The overall style of letter ...
The company made headlines in September when it launched and has grown its revenue by 14 times since then. SimpleClosure, the startup helping shut down other startups, has raised a $4 million seed ...