At a CBIA seminar yesterday where I spoke, several speakers discussed the challenges that exist for companies in these economic times. One CBIA economist projected that the current recession will not bottom out in Connecticut until late summer or fall 2009.

But the times also present opportunities, as well, the speakers said. Indeed, now may be

With all the talk about layoffs, separation agreements have moved front-and-center to the discussion on how companies can reduce their liability exposure.

But how much severance should a company offer to its employees when laying them off?

There is, of course, no set rule in Connecticut — or the United States — on how much severance

The headlines over the weekend for Connecticut have not been kind.  Two were particularly striking. First, the Courant ran a story entitled "Sizable Job Losses Expected in State".  The second wCourtesy morgue file "depression"as a story about the expected closing of The Goodwin Hotel, one of Hartford’s premier hotels. 

Both indicate a local economy that

The headlines this week, particularly to those in Connecticut, sound an ominous tone.  Foxwoods announces layoffs of 700. And this morning, a new government report came out showing that employers shed nearly 160,000 jobs

Where will this all lead? That’s the $1 trillion dollar question that is on everyone’s mind. But in the meantime,

Earlier this week, I discussed the benefits of providing notice to employees who may be affected by mass layoffs and plant closings, by complying with the Worker Adjustment and Retraining Notification (WARN) Act.

But what exactly does the WARN Act require and who is covered? Here are some basic answers to some basic questions.