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Unforeseeable business circumstances: When the closing or mass layoff is caused by business circumstances that were not reasonably foreseeable at the time that the 60-day notice would have been required (i.e., a business circumstance caused by some sudden, dramatic, and unexpected action or condition beyond the employer's control, such as ...
If a store is closing because of a natural disaster or business circumstances that aren't "reasonably foreseeable," it doesn't have to provide the full six months' notice. Still, should stores ...
Closure may be the result of a bankruptcy, where the organization lacks sufficient funds to continue operations, as a result of the proprietor of the business dying, as a result of a business being purchased by another organization (or a competitor) and shut down as superfluous, or because it is the non-surviving entity in a corporate merger.
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
After months of store closures and filing for Chapter 11 bankruptcy protection, Big Lots is preparing to close all of its locations, according to a press release issued by the company on Thursday.
Last week, 7-Eleven's parent company announced that it would be closing over 400 stores in North America. Is 7-Eleven Going Out of Business? Why Hundreds of Stores Are Closing
J. Stephen Schuster, who handled complex business litigation in the Superior Court of Cobb County, Georgia, is a past president of the American College of Business Court Judges, [56] past co-chair of the ABA Section of Business Law's Judges Initiative Committee, [276] and served as a Business Court Representative to the ABA's Business Law Section.
The Philadelphia City Council voted June 6 to hold hearings to examine the university’s sudden closure and its impact on the city’s higher education system and the school’s current students ...