Legal Considerations
There are several terms, concepts, and definitions you need to be aware of that carry legal implications. You should have at least some understanding of the concepts. A few of the most important concepts and definitions are explained below. Ask a legal professional to help you better understand these definitions and advise you how these concepts relate to your downsizing plans and actions. This investment in legal counsel can significantly reduce your liability.
Definitions
Reduction-in-Force
This term refers to the termination of an employee’s employment only for the purpose of reducing costs or for other reasons relating to the organization’s current needs. A reduction-in-force due to downsizing is not a performance-based ...
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