Abide by federal law to avoid layoff lawsuits

02/2/2009 | CFO.com

Laying off employees during an economic downturn requires strict adherence to federal law. "Executive teams that are considering work force reductions have to slow down," says Ted Olsen, a specialist in employment defense with the law firm Sherman & Howard. To cut the risk of discrimination suits and to smooth the process for all parties, he recommends a more systematic approach rather than a wholesale layoff.

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