We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Reductions-In-Force: Best Practices

Law360 (January 9, 2009, 12:00 AM EST) -- In a recent survey, approximately 60 percent of employers indicated that they will likely institute layoffs in the next 12 months. In November 2008, the number of reductions-in-force at U.S. companies were up an astounding 275 percent annually as a result of the deepening economic recession.

Before implementing a reduction-in-force, employers may want to consider other alternatives because of the impact a reduction will have on the remaining workforce. Alternatives include work sharing arrangements, hiring freezes, voluntary exit incentives, temporary shutdowns and reductions in the work...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.