1.1.2008

What to Know When Layoffs Occur – Understanding the W.A.R.N. Act can help employees and employers in shutdowns and downsizings

In the past few months, numerous mortgage lenders have closed their doors. Several others have announced substantial layoffs, resulting in a massive decrease in industry employment. Some analysts predict this will continue for the next several months, if not longer. One result of this is that lawsuits have been filed against mortgage lenders based on violations of the Worker Adjustment and Retraining Notification (W.A.R.N.) Act. View full article (PDF).

This article was first published in Scotsman Guide Residential Edition.