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Tom Roberts was laid off in April 2009, six weeks after he told his supervisor that he needed to have brain surgery. Paying the bills with a now-exhausted balance of vacation and sick days ...
If your check is normally $2,600 a month after taxes and deductions, you're better off setting up a $75 automatic contribution to savings so you can get used to living on $2,525 instead. 2. Reduce ...
Let's say your employment contract expressly states that any worker who's laid off gets severance equal to one month of pay per 12 months of employment, up to a total of 12 months of compensation.
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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
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The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a region (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area.