DES MOINES, Iowa -Smaller employers will be required to give a 30-day notice of many planned layoffs after a new layoff notification law takes affect this month.

Passed by the 2010 session of the Iowa General Assembly, the law requires 30 days advance notice of layoff affecting more than 24 employees. If a company violates the new law, it could result in fines of $100 per day.

The law supplements a federal WARN law that requires much larger employers to give their employees 30 days notice before layoffs. Under federal requirements, a company only has to inform the state and their employees if they plan to layoff 50 or more people during a 30-day period if closing, or that plan to temporarily layoff 500 employees or 33 percent of their work force in a 30-day period.

“Federal requirements regarding notification of layoffs are targeted to large companies and have little impact on Iowa’s businesses that typically have fewer than 100 employees,” stated Iowa Workforce Development Director Elisabeth Buck. “The new Iowa Layoff Notification Law will allow Iowa Workforce Development the opportunity to connect with dislocated workers early on in the process, leading to a more efficient delivery of workforce services.”

Tags: Iowa General Assembly, layoff, notification, WARN law

This entry was posted on July 13, 2010 at 6:55 am and is filed under Featured, Your Money. You can follow any responses to this entry through the RSS 2.0 feed.