All manner of bad things could happen if a lame duck Congress fails to act before the end of the year to prevent automatic, across-the-board federal spending cuts from kicking in. However, the Obama administration has informed federal contractors—whose funding could be slashed—that they don’t have to worry about one of them yet: Issuing layoff notices required by the Worker Adjustment and Retraining Notification (WARN) Act.
The WARN Act requires employers with 100 or more employees to provide 60 days’ notice of mass layoffs or plant closings. Should the cuts take place as currently scheduled on Jan. 1, contractors whose funding would fall would normally have had to issue notifications in early November.
However, the White House directed government contractors to hold off on issuing WARN notices. The hope: That Congress and the administration will find an alternative to the cuts once the madness of the election has passed. The White House promised contractors it would cover any legal costs they incur should they be sued for WARN Act violations.
Note: Government contractors taking the White House up on this offer should make sure any pending layoffs are tied directly to fiscal cliff cuts. Cuts that were already scheduled independently of the across-the-board cuts would not be covered by the White House directive.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/33652/white-house-warning-on-fiscal-cliff-dont-jump "
- Pentagon Increases Citizen-Soldiers' Active-Duty Time
- Are government workers protected against bias based on marital status? 7th Circuit passes
- Beware any change in working conditions after complaint
- OSHA: Euless printer clueless about safety
- Associate loses temper, job and now lawsuit against DLA Piper