Worker Adjustment And Retraining Notification Act – WARN

AAA

DEFINITION of 'Worker Adjustment And Retraining Notification Act – WARN'

A United States labor law that offers protection to workers, workers' families and communities by requiring certain employers to give a 60-day advance notice of any plant closings or mass layoffs. The Worker Adjustment and Retraining Notification Act covers private, for-profit employers, and private, nonprofit employers with 100 or more employees. Employees who have worked fewer than six months in the previous 12 months, and employees who work less than 20 hours per week on average are not included in the employee count.


INVESTOPEDIA EXPLAINS 'Worker Adjustment And Retraining Notification Act – WARN'

Managers, supervisors, salaried and hourly wage workers are entitled to receive a 60-day advance notice of plant closings or mass layoffs through the Worker Adjustment and Retraining Notification Act. The act is intended to provide workers and their families opportunity to adjust to the forthcoming loss of employment, to enter skill-training programs, or look for other employment. Workers who are participating in strikes or who have been locked out in labor disputes, and regular federal, state and local government employees are not protected by the act.


WARN is not activated if the plant closing or mass layoff affects fewer than 50 workers at a single employment site; if 50-499 workers lose jobs but that number is less than one third of the total workforce at a single location; or if the layoff is for six months or less. Penalties may apply if an employer violates the WARN Act.


Employers may not be required to give 60-day advance notice in the event of unforeseeable business circumstances or if the closing or mass layoff is due to a natural disaster.

RELATED TERMS
  1. Family And Medical Leave Act - ...

    The Family and Medical Leave Act (FMLA) was signed into law on ...
  2. Layoff

    1. When a company eliminates jobs regardless of how good the ...
  3. Severance Package

    A bundle of pay and benefits offered to an employee upon being ...
  4. Department Of Labor - DOL

    A U.S government cabinet body responsible for standards in occupational ...
  5. Employee Benefits Security Administration ...

    A division of the Department of Labor (DOL) charged with enforcing ...
  6. Back Pay

    The amount of salary and other benefits that an employee claims ...
RELATED FAQS
  1. Why did the U.S. government take control of the steel industry in 1952?

    In early 1950, Senator McCarthy began seeing communists in every shadow, prompting him to accuse the Truman administration ... Read Full Answer >>
Related Articles
  1. Personal Finance

    The Layoff Payoff: A Severance Package

    If you must leave your job, go out fighting for the best benefits you can get.
  2. Budgeting

    Layoff Protection Plans: Good Deal Or Gimmick?

    If you get laid off, these plans can be of great value, but the best protection may be to avoid big purchases altogether.
  3. Professionals

    Mass Layoffs: The Hardest-Hit States

    The mass layoff data for December has been released, and while the numbers are far from good, they have been a lot worse.
  4. Budgeting

    Layoffs: Know The WARNing Signs

    Layoff rumors can run rampant, but if your company is required to give you two months' notice, you can plan for unemployment.
  5. Investing

    What Tech Companies Seeking Funding Must Overcome

    Tech companies face a unique set of challenges, including a need for timely responses to changes in technology and difficulty recruiting the right talent.
  6. Economics

    Vietnam -- New Asian Hot Spot For Tech Investment

    Vietnam now has a rapidly expanding tech sector that's attracting investors from around the globe due to low business costs and highly skilled workers.
  7. Stock Analysis

    Will American Airlines Fall Back To Earth In 2015?

    The airline industry enjoys blockbuster profits, and American Airlines Group has been a key beneficiary of the favorable trends that have lifted stocks.
  8. Stock Analysis

    3 Things I Learned From The Container Store's 10K

    Since going public at the end of 2013, The Container Store's shares have fallen by roughly half their value. But not all is not lost.
  9. Stock Analysis

    Qualcomm's New Buyback Program Is Well-Timed

    Qualcomm announced after market close on Monday that they had approved a new stock buyback program, authorizing to repurchase $15 billion in shares.
  10. Economics

    America's Most Notorious Corporate Criminals

    Learn about the crimes and punishments of some of the most infamous convicted white-collar crooks.

You May Also Like

Hot Definitions
  1. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  2. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  3. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  4. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  5. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  6. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
Trading Center