New Jersey is the First State to Mandate Severance Pay for Mass Layoffs

TRENTON, N.J. (AP) — New Jersey has become the first state in the nation to guarantee severance pay for mass layoffs, according to the bill’s sponsors and the governor’s office. Democratic Gov. Phil Murphy on Tuesday signed legislation that requires companies with 100 or more full-time employees to pay them a week’s pay for each…

New Jersey is the First State to Mandate Severance Pay for Mass Layoffs

TRENTON, N.J. (AP) — New Jersey has become the first state in the nation to guarantee severance pay for mass layoffs, according to the bill’s sponsors and the governor’s office.
Democratic Gov. Phil Murphy on Tuesday signed legislation that requires companies with 100 or more full-time employees to pay them a week’s pay for each year of service during a mass layoff, plant closing or transf
Read More From Publisher