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Straight Talk: Clarity, Early Warning Head Off Downsizing Woes by W. Randolph Loftis
Constangy, Brooks & Smith, LLP
Winston-Salem Office
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July 11, 2009
Previously published by LexisNexis® Martindale-Hubbell® Counsel to Counsel Magazine on September 2008
Employers took 1,626 mass layoff
actions in the month of May, affecting
more than 171,000 workers, according
to the Department of Labor's Bureau of Labor
Statistics. Those numbers show a sharp rise
when compared to previous months, and when
compared to the same month in previous
years. The message is clear: "We are seeing
the largest reduction in work force since the
early 1990s," says W. Randolph Loftis Jr.,
managing member of the employment law
firm Constangy, Brooks & Smith, LLC.By Counsel to Counsel Editor Steven Andersen
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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