Scalabrine wrote:Dont panic. Read the article.
This happened to a few of my friends. A lot of businesses are laying off their employees so they can collect unemployment from the government while the business isn't giving them hours, with the intention of hiring the employee back when they are able to reopen. Thats what it sounds like his business is doing as well, if you read the first article. This is a benefit to employees, they still get some sort of paycheck (from the government via unemployment), they don't have to use their Paid Time Off that they've worked for (and they get it back upon re-hire), and they can have their job back when they open again.
While this Fertitta has a history of sleezy moves, this doesn't seem like another one to put on the long list...at least thats what I got from the articles. As long as he does re-hire everyone that wants their job back, then I don't think this is a very big deal.
So he takes all there banked overtime and it is no longer payable or able to be taken as time off, as he doesn't have to give it back or re-hire people with large amounts and he limits that liability to zero, that's kind of scummy... and their benefits (e.g. medical)? I mean, those are kind of important right now. I don't know laws there enough that when you are laid off if they disappear immediately, but if so, that's a real scummy move.