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Released: February 25, 2010
Work-share program cuts hours vs. jobs
Source: Paul Davidson, USA Today
A program that encourages companies to avoid layoffs by reducing workers’ hours could be expanded to nearly half the states this year.
Legislation this year in at least seven states would create work-share programs in Colorado, Hawaii, Ohio, Oklahoma, New Hampshire, New Jersey and Pennsylvania, growing the initiative for the first time in decades.
Seventeen states already have programs in which employers can cut the hours of all or most employees in lieu of layoffs. The workers get jobless benefits to recover part of their lost wages.
Read Full Article: Work-share program cuts hours vs. jobs
Tags/Keywords
money, financial, headlines, employment, benefits, unemployment, income, claims, job
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