Haynes and Boone's Newsroom
Reductions-In-Force: Best Practices
02/10/2009,
By Jonathan C. Wilson and John M. Farrell
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 week.
As published by Law360.com.