Zero Layoff Policy

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Dictionary Says

Definition of 'Zero Layoff Policy'

A type of company policy that dictates that no employees would be terminated as a result of business based purposes dictated by th economy. This policy does not exempt termination as a result of poor performance or other violations of the employment contract.
Investopedia Says

Investopedia explains 'Zero Layoff Policy'

Having a zero layoff policy has a positive effect on employee morale, especially during rough economic times, as employees do not have to fear being unemployed. However, the company may need to implement other unpopular cost cutting measures (such as reducing benefits or hours) in order to make up for the costs of not laying employees off.
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'Zero Layoff Policy'

  • How To Survive A Bankruptcy Filing

    http://www.investopedia.com/articles/pf/11/how-to-survive-bankruptcy.asp
    ... Debts pile up and then something unexpected - an illness, a layoff, a divorce -
    punishes you for ... For example, you can pay a credit card to zero so itÂ’s not ...

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