"Layoffs: How to Guide Companies In Workforce Reductions"

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From the e-newsletter: "Letting go is hard to do. And in an economy like the current one, layoffs have become a necessary evil--and even norm--for some companies."

 

Suggested steps include: 

1. Consider the criteria used in determining the reduction decision. 

2. Now, consider it again...more carefully.   

3. Consult outside counsel about WARN and equivalent state law.

4. Look at the language of a severance packages and waiver agreements.

5. Guide executive teams in how to conduct the layoff.

 

Read more...

 

Source: FindLaw's Modern Practice: Law & Technology. 29 October 2009 Copyright © 2008 FindLaw, a Thomson Business. Subscribe <http://newsletters.findlaw.com/>.

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