If the bill is passed, Michigan would become the second state to enact such protections, following New Jersey. Lee demanding the establishment of a severance fund, and subsequently met with the private equity firm several times before T.H. However, feeling this amount was inadequate, Art Van employees continued to demand greater severance pay, and in March 2021, a year after filing for bankruptcy, T.H. However, Art Van employees and Rep. Hammoud believe legislation must be passed to prevent future unethical mass layoffs. Simmons doesn’t believe employers and hedge private equity firms will do the right thing if left to their own devices, “Not at all.

Source: MetroXpress July 16, 2021 16:18 UTC