Posts tagged 'severance pay'

The WARN Act (Worker Adjustment and Retraining Notification Act) specifies that 60 days' notice must be given in firms with more than 100 full-time employees when large-scale layoffs are going to take place. The act kicks in when 50 employees at one location are laid off within a 30-day period, or when 33 percent of the workfoce is laid off, or when 500 employees are laid off (regardless of the...

Turns out that a survey of severance pay around the world reveals that the U.S. pays the least of all monitored countries. READ THE SURVEY RESULTS