How much of a notice does employer need to give employees about closing down a buisness?

Answer 1

We're done.

Answer 2

Pretty much, "Buh-Bye" is about all the notice needed. But on the return, it's getting more and more where the two week notice that the employee traditionally gave the employer is out the window as well. Employees are realizing that if the employer is not going to give notice then neither should they.

Answer 3

In the US, generally none. Unless you have a contract (individual or as part of a collective bargaining unit) that stipulates otherwise, employment is considered "at will" and the employer - employee relationship can be terminated at any time by either party without notice.

Answer 4

There is no law that they have to give a certain amount of time. You could get layed-off at a moments notice regardless of whether or not the business what shutting down.

Many employers will, as a courtesy - (much like the courtesy an employee gives by giving at least 2 weeks notice) will give some notice of business closure, but also like employee's - its just a courtesy, and by no means a law.

Answer 5

You need to give SOME information so you can take care of insurance questions, pension, 401K (yes, legally that's their money you can't just disappear, it needs to be rolled over or taken care of), allow them to gather up their property from their cubicles/desks/workstations, and to delete out any personal info on their work computers. Also dispensation of the last paychecks, a contact number for their W-2 forms needed for the tax returns after the end of December........there's probably a lot more, but these are what I can think of right off the top of my head.

There is some legality to this, you may need to consult with a lawyer (first 1/2 hour is free).

Answer 6

I know there are some states that require a minimum notification, however, it is contingent on the number of employee involved.

30 to 60 days seems to be the range in dates, not sure on numbers. Might be worth a contact to an employment lawyer in your state. Most large law firms have them.

Answer 7

None. Many collapses of a business come w/o warning. Almost over night. The owner is too busy trying to save his own lively hood. No offense, but employees are last on his mind.

Answer 8

Why would they need to tell their employees about it? I mean, it's a nice thing to do, but ultimately, it's the employers decision (and money).

Answer 9

Depends on how nice you want to be. I've been in an office that was shut down. We were given 15 minutes to get our stuff and get out. No warning what so ever.

Answer 10

As soon as he knows he's going to close it down. So people can start looking for another job!!!

Answer 11

If it's a big company, look at news reports or the company's own finances to "pre-empt" things.