tailieunhanh - Gale Encyclopedia Of American Law 3Rd Edition Volume 2 P22

Gale Encyclopedia of American Law Volume 2 P22 fully illuminates today's leading cases, major statutes, legal terms and concepts, notable persons involved with the law, important documents and more. Legal issues are fully discussed in easy-to-understand language, including such high-profile topics as the Americans with Disabilities Act, capital punishment, domestic violence, gay and lesbian rights, physician-assisted suicide and thousands more. | 198 BUSINESS JUDGMENT RULE President Reagan announced his intent to permit the bill to become law without his signature. The bill became automatically effective at midnight August 3 1988. The law requires employers with one hundred or more employees to provide their workers with sixty days layoff notice when fifty or more workers at a single site will lose their jobs and when affected workers will constitute at least one-third of that site s work force. If 500 or more employees are laid off however such notice is required regardless of the percentage of site workers involved. Companies failing to provide the requisite warning face penalties of compensating each dismissed employee for wages and fringe benefits for every day the notice should have been given. Additionally a 500 payment per day up to a maximum of 30 000 must be made to local communities when the act s provisions have not been met. Analogous requirements exist in 38 other countries and in five states. At least twenty other states have proposed such legislation. According to the federal government s general accounting office GAO survey prior to this legislation the national median length of advance notice for the closing of large establishments was seven days. White collar and union blue collar workers averaged as much as fourteen days termination notice while non-union blue collar workers only received two days notice. Since 1981 more than five million Americans have lost their jobs because plants were shut down or their positions were eliminated. Along lines similar to President Reagan s reservations national association of manufacturers president Alexander B. Trowbridge maintained that the legislation damages the flexibility essential to run a successful business. Moreover Trowbridge noted that advance notice was not always possible as financially troubled businesses may not be able to predict their status with the precision that the legislation required. To salvage their troubled businesses these .