
Howard D. Bader
Partner
212-784-6926 hbader@sh-law.comFirm Insights
Author: Howard D. Bader
Date: October 30, 2020
Partner
212-784-6926 hbader@sh-law.comAs businesses work to overcome the economic fallout of the COVID-19 pandemic, workforce reductions can help significantly reduce costs. However, in order to benefit from the savings, businesses must comply with all legal obligations. If not, the layoffs may end up hurting your bottom line.
Several companies being hard-hit by the pandemic have announced mass layoffs in recent weeks. Late last month, the Walt Disney Co. announced a reduction in force that involved 28,000 theme park employees. American Airlines announced it is furloughing nearly 19,000 workers.
If your company is contemplating a temporary or permanent reduction in staff, we encourage you to make a comprehensive plan that addresses the myriad of legal issues that may arise. Below are several important issues to consider:
Given the wide range of legal issues that may arise when conducting furloughs, layoffs, and reductions in force, it is essential to work with experienced legal counsel. A knowledgeable attorney can walk you through the process and help ensure that the process achieves the cost-saving you intend. To discuss your company’s unique circumstances, we encourage you to contact a member of Scarinci Hollenbeck’s Labor & Employment Group.
If you have any questions or if you would like to discuss the matter further, please contact me, Howard Bader, or the Scarinci Hollenbeck attorney with whom you work, at 201-896-4100.
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No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
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