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Rules and Regulations Governing Employee Restructuring

October 1, 2009 | Christine H. Long
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In these lean economic times, words such as “furlough,” “regular day off,” and “reduced pay” are frequently bantered about. However, each of these terms carries with it specific rules and regulations that must be followed when implemented. Handled improperly, a downsizing or a reduction in pay can damage the public standing of both the organization and its management, and expose the company to costly litigation or government action.

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