Workforce Reduction Done Right

Law360, New York (December 14, 2007, 12:00 AM EST) -- As a result of economic downturns, merger and acquisition activity, discontinuation of certain product lines and numerous other factors, even dynamic and healthy corporations periodically decide to reduce the size of their workforces.

These Reductions In Force (RIFs) can be traumatic, both for the individuals who find themselves unexpectedly unemployed and for the managerial team that has to make the difficult layoff selections among otherwise qualified and hardworking employees.

To ameliorate the economic hardships often associated with RIFs, companies frequently provide the terminated employees with severance...
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