My theory is that FTD management paid the Trib to pick up the risk statement in the filing where it would spread like wildfire. The thinking behind this is that management has found a buyer but they want management to find ways to thin out the ranks before the deal is announced. All employees above operational level are dead weight that are viewed as liabilities. Getting people to quit means no severance, no WARN Act payouts and no unemployment.
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This requirement does not consider the layoff of employees who have worked for the employer for less than six months in the past 12 months or employees who work, on average, less than 20 hours a week.
Additional WARN Act Requirements
Additionally, the WARN Act requires employers to give notice of any mass layoff, that does not result from a plant closing but will result in an employment loss of 500 or more employees during any 30 days. The Act also covers employment loss for 50-499 employees if they make up at least 33 percent of the employer's active workforce.
This requirement does not consider the layoff of employees who have worked for the employer for less than six months in the past 12 months or employees who work, on average, less than 20 hours a week.
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Never ascribe to malice what can be explained by gross incompetence.