Is it NC law that employers share severance package information prior to selling the company?

My company has shared that they are considering selling the business. Will won't know the final decision for several more months. They are, however, going to be sharing the details of our severance packages if there are future lay-offs based on their decision. They are telling us this is NC law. Is that true and is this normal?

1 answer  |  asked Apr 26, 2015 1:37 PM [EST]  |  applies to North Carolina

Answers (1)

Reagan Weaver
I'm not aware of a NC law that requires your company to tell you anything about your severance. However, there is the federal law, the WARN Act, that you can Google to learn more about. It requires advance notice of plant closings. I don't know whether it applies to your situation.

FWIIW, the fact that the company is telling you anything in advance is good. So often the employees hear nothing in advance. If you need a referral in the Charlotte area, write back to me. Plus, I see that MEL has a member in Charlotte now -- Jon Moore.

posted by Reagan Weaver  |  Apr 26, 2015 7:59 PM [EST]

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