Furloughs May Be Smarter Than Layoffs

Companies might prefer furloughs to downsizing, but they need to beware of certain pitfalls

, Legal Times


In these tough economic times, employers are looking for alternatives to layoffs that will allow them to retain staff, particularly top talent and employees with institutional knowledge. Most employers seeking to reduce labor costs without layoffs are considering two alternatives: mandatory furloughs and reduced work hours. When done correctly, these can result in cost savings. Attorneys Eric Bellafronto and Blaire Cleveland review some important legal considerations to keep in mind.

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