Tips To Avoid Risks Associated With Downsizing

Law360, New York (August 6, 2008, 12:00 AM EDT) -- In light of the economy's continued decline, companies across the country are performing mass layoffs to remain profitable, placing themselves at risk for a plethora of liabilities associated with downsizing and employee uncertainty.

Nationally, mass layoffs are taking place in nearly all industries at small businesses and major corporations from Starbucks and Citigroup to United Airlines and General Motors.

According to the U.S. Department of Labor, 949,639 employees were terminated as a part of mass layoffs from January–June 2008, up substantially from 780,463 in 2007....
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