Best Buy, the nation’s largest electronics retailer, will cut an undisclosed number of jobs at its Richfield headquarters.
The news comes after 500 employees already left under a voluntary buyout program. Those employees received 7½ months of severance pay, plus a year of health insurance as an incentive to leave.
Company spokeswoman Susan Busch told the Minneapolis-St. Paul Business Journal that employees affected by the new round of layoffs will work for 30 days after they are informed they have been cut. Most will be eligible for six months of severance pay.
Final note: More and more Minnesotans are losing their jobs. That inevitably will mean more lawsuits.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Independent investigation key to clean terminations
- Beware overly broad drug policies, which could violate ADA rules about revealing a disability
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- Track declining productivity to justify staffing, pay and promotion decisions