Iowa Association of Business and Industry Foundation
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Plant Closings
Bill # SF 2332
Bill Name Plant Closings
House Action None
Senate Action Passed Committee
Final Action

None

Details
Companies would have to give written notice sixty (60) days before a layoff affecting fifty (50) or more employees to both Iowa Workforce Development and the affected employees.  Additionally, if a company is to be sold, the seller must notify employees if positions would be eliminated.  The Department would issue penalties to companies who did not adhere to the requirements.


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