As the current economic crisis escalates and governmental plans to provide
billions of dollars to intervene in the capital markets take shape,
financial institutions and other businesses are being forced to
restructure their operations through merger, acquisition or reductions in
force. The tough economic climate will also, no doubt, lead companies to
reassess their benefit plans and executive compensation packages. However,
employers must evaluate their own responses to these developments to ensure
that they are complying with legal requirements and proceeding cautiously.
There are several, critical employment law issues that must be taken into
account in any organization’s plan to address the new economic
realities especially if reductions in force are a part of the
organization’s strategy.
