Employment: The Corporate L-Word
How to properly administer a layoff (and avoid lawsuits)
Not even the mighty L.L. Bean is immune to soft sales and the falling economy. Bean President/CEO Chris McCormick announced to employees at the end of last year that cost-cutting measures such as voluntary retirement incentives, the canceling of six new store openings, and a high likelihood that “layoffs are forthcoming” all loomed due to a bleak forecast for 2009 — a scenario to which most catalogers can relate.
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