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- COVID 19 and Workforce Reorganizations Part Two: Global Reductions in Force
COVID-19 and Workforce Reorganizations Part Two: Global Reductions in Force
November 24, 2020, Covington Alert
As large companies across the globe continue to navigate the ongoing COVID-19 pandemic, many are considering workforce reorganizations as a way to reduce costs in light of geopolitical and economic uncertainties, flagging demand, and a rapidly changing outlook for recovery.
Workforce reorganizations can take many forms; however, many companies will consider global involuntary separation programs or reductions in force (“RIFs”) / redundancies if initial job retention efforts or cost-saving measures such as voluntary separation programs have not proved sufficient to protect or re-size the business for anticipated future needs.
This alert highlights critical distinctions between international and U.S. RIF requirements and addresses:
- Employee Consultation, Consents, and Timing Issues
- Termination Rights
- Severance Payments
- Employee Benefits
- Release Agreements and Waivers
- Communications and Disclosures
December 2, 2020, Covington Alert
As discussed in the previous two installments in this series dealing with voluntary separation programs and global reductions in force, workforce reorganizations can take various forms and, even within a particular scenario, there can be many nuances. One constant, however, is usually advance planning. The importance of this cannot be overstated, especially in a ...
November 17, 2020, Covington Alert
As large companies across the globe continue to navigate the ongoing COVID-19 pandemic, many are considering workforce reorganizations as a way to reduce costs in light of geopolitical and economic uncertainties, flagging demand, and a rapidly changing outlook for recovery.
February 1, 2018, Covington Alert
This International Employment Update summarises recent international employment law developments in China, India, Italy, Russia, the United Kingdom, and the United States.