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In addition to the WARN Act, which is a federal law, several states have enacted similar acts that require advance notice or severance payments to employees facing job loss from a mass layoff or plant closing. For example, California requires advance notice for plant closings, layoffs, and relocations of 50 or more employees regardless of ...
So far this year, 6 companies have filed WARN notices for mass layoffs of RI-based workers, ... announced that it would lay off 81 Rhode Island employees. Notice date: Jan. 4.
Layoffs create lower job security overall, and an increased competitiveness for available and opening positions. Layoffs have generally two major effects on the economy and stockholders. The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff.
An example of cause would be an employee's behavior which constitutes a fundamental breach of the terms of the employment contract. Where cause exists, the employer can dismiss the employee without providing any notice. If no cause exists yet the employer dismisses without providing lawful notice, then the dismissal is a wrongful dismissal.
Layoff etiquette. How to properly conduct layoffs, and inform employees of them, is much debated. Last year, Goldman Sachs eliminated 3,200 jobs in a manner that received criticism. Employees had ...
Jeff Bezos's rocket company, Blue Origin, is laying off about 10% of its workforce, a move that could affect more than 1,000 employees. In a memo sent to staff on Thursday obtained by Business ...
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