WTP-GC wrote:
golf_bears wrote:
In the good old USA there is a law on the books that stipulates that any Company going out of business and closing down the plant must give its employees a 60 day notice. Been there and done that.
What is this law you speak of?? I can't imagine that such a law exists and if it did, that it would apply to a RV manufacturer.
I could shut down my business tomorrow and only pay my employees for current hours earned.
There is a law that might apply. It is called the WARN act (worker adjustment and retraining notification act). It requires certain employers to give 60 days notice of either plant closures or mass layoffs. It has many stipulations and loopholes and is generally considered an ineffective piece of legislation. To apply, the employer must employ a minimum of 100 full time employees. They must reasonably have foreseen the layoffs, and although just paying the employees 60 days of termination pay is not considered fulfilling the obligations of the act, that is the remedy of failing to follow the act, so it really is a moot point. If the business could not foresee the closure (i.e. failing to secure financing when they could have reasonably expected to, natural disaster, unforeseen business issues, etc.) the act does not apply. If the laid off employees are members of a union, notice may not be required. Notice may of may not be required in a bankruptcy filing, again depending on the case specific details.
Have less than 100 fulltime equivalent employees, close up shop anytime, the feds don't care.