I’m surprised that this business didn’t know about this law its been around for quite a while. http://www.doleta.gov/programs/factsht/warn.htm
RE:
Im surprised that this business didnt know about this law its been around for quite a while. http://www.doleta.gov/programs/factsht/warn.htm
IT STATES AT THE BEGINNING OF THE LAW:
“WARN offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs”
The only problem I see with this law is it is routinely being violated by employers big and small WITH LITTLE OR NO CONSEQUENCE.
What does mass layoffs mean ? How does one define “mass” ? 5%? 10% ?
If I planned to layoff 10% and did it gradually being laying off 1% this month, another 1% next and so on and so forth, does it qualify as “mass” ?
All I see are people suddenly being tapped on the shoulder and being asked to leave on the same day without the company being prosecuted at all.
What does that have to do with forcing BoA to make a loan?