Is an employer required to give advance notice if the company is being sold and you will not have a job after it closes?
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Is an employer required to give advance notice if the company is being sold and you will not have a job after it closes?
If so, what is the required notice period?
Asked on June 20, 2012 under Employment Labor Law, Ohio
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Under the WARN Act (Worker Adjustment and Retraining Act), if your employer has more than 100 employees, 60 days notice must be provided if there will a "plant" (or site) closing or layoffs which affect at least 50 employees. However, the majority of U.S. businesses are too small to be covered, and most sale-related restructurings, even of larger companies, are not covered, either, because they don't lay off enough people at one time (50 or more) to qualify. Other than as the above, no notice is required.
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