State Sen. Joe Cryan sponsored the law that would require severance pay for victims of mass layoffs.
goes into effect requiring large companies to give workers more advance notice of mass layoffs and provide them with severance pay.State Sen. Joe Cryan, D-Union, said he feels a “significant level of anger,“ arguing this demonstrates why the law is needed.
“I think it’s a classic example of abusing your employees to the last moment,” Cryan told NJ Advance Media during a phone interview Wednesday. “Employees give their lifeblood to a company. The whole idea of this law is to make sure those who contributed to a company’s success are taken care of.” Cryan said he’s “reasonably certain” Bed Bath & Beyond — whose Union headquarters are in his district — timed the layoffs “on purpose” to avoid the new law., Business Insider estimated the homewares retailer stands to save “several million dollars” in severance it would have been required to pay.
Spokespeople for Bed Bath & Beyond pushed back Wednesday, saying in a statement to NJ Advance Media it’s not their policy to comment on “speculation” and that “this recent narrative is based on previously announced and reported news.”in early February that we are moving expeditiously toward a smaller and more profitable store footprint and omni-always model,” the company said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bed Bath & Beyond cuts 1,300 jobs in New Jersey (March 24)Bed Bath & Beyond Inc is laying off about 1,300 employees at four locations in New Jersey, including at discount health and beauty chain Harmon, a Worker Adjustment and Retraining Notification (WARN) notice showed on Friday.
Consulte Mais informação »
How I’d Redo My Baby Registry: With a Japanese Oatmeal Bath and an Airplane BedAmerie shares the essentials she still uses with her son, River.
Consulte Mais informação »
The Morning After: Our verdict on Sonos' Era 300 and Era 100 speakers | EngadgetThe biggest news stories this morning: Biden administration bans federal agencies from using commercial spyware, iOS 16.4 is out with bug fixes and a ton of new emoji, Nintendo will show 10 minutes of 'Legend of Zelda: Tears of the Kingdom' gameplay today..
Consulte Mais informação »
CZ Trading Against Binance Clients From 300 Accounts, CFTC Documents Claim.cz_binance linked to 300 proprietary trading accounts of Binance and has two 'individual ones,' CFTC claims. caprioleio
Consulte Mais informação »
Goldman Sachs says generative A.I. could impact 300 million jobs — here's which onesArtificial intelligence could automate up to a quarter of work in the U.S., a Goldman Sachs report says. Here's the most affected sectors and countries.
Consulte Mais informação »
Sonos Era 300 Dolby Atmos speaker review: Prepare for gloryPurpose-built for spatial audio, the Era 300 is a phalanx of drivers ready to battle standard playback. So does it come back with its shield, or on it?
Consulte Mais informação »