June 09, 2020
Sprung Link Text
Partners Doreen E. Lilienfeld, John J. Cannon III and Gillian Emmett Moldowan and associates Matthew Behrens and Jai Garg (all New York-Compensation, Governance & ERISA) authored “Employee Furlough Considerations in the Time of COVID-19,” which discusses key considerations for employers and boards that are contemplating furloughing employees due to the coronavirus pandemic, in Lexis Practice Advisor.
In the wake of the market disruption caused by the COVID-19 outbreak, many employers are considering employee furloughs as an alternative to layoffs. Furloughs generally refer to a mandatory, but temporary, cessation from work without pay, with the expectation that the impacted workforce would return to work with the employer in the future.