Bloomberg Law
March 26, 2018, 3:08 PM UTC

Toys ‘R’ Us Layoff Warnings Showcase Trend for Store Closures

Alex Ebert

Toys “R” Us Inc. tucked an expensive pledge to all 30,000 of its workers inside a 124-page bankruptcy brief last week: No matter how big the store, each worker has a job for at least the next 60 days while the company prepares to shutter.

Employment and bankruptcy attorneys called the toy giant’s nationwide commitment remarkable because unknown dozens of the retailer’s 735 stores are likely too small to meet the 50-employee requirement for notices under the Worker Adjustment and Retraining Notification (WARN) Act. Violating the WARN Act could create immense liability, with the company on the hook for back ...

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