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Expert Analysis

Guidance For Global And Local Layoffs In Energy Sector

Law360, New York (May 12, 2015, 11:13 AM EDT) -- With the collapse of oil prices, many companies in the energy industry are forced to cut costs. Layoffs, furloughs and reducing labor costs are invariably top of mind. And, because international labor and employment rules are vastly different from those inside the U.S., it is vital in-house counsel and human resources professionals wear a global hat when approaching these changes. What works from a U.S. point of view may not work internationally. Companies should be mindful of the differences as they plan cost-cutting measures involving their employees....

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