4 ms·
> A "faltering company" is not required to give notice of a layoff or plant closing when, before the plant closing, it is actively seeking capital or business,
by benced 3y ago
> A "faltering company" is not required to give notice of a layoff or plant closing when, before the plant closing, it is actively seeking capital or business, which if obtained would avoid or postpone the layoff or clo- sure, and if it reasonably believes that advance notice would hurt its ability to find the capital or business it needs to continue operating
https://www.dol.gov/sites/dolgov/files/ETA/Layoff/pdfs/WorkerWARN2003.pdf https://www.dol.gov/sites/dolgov/files/ETA/Layoff/pdfs/Worke...