Venoco to Explore Asset Sales, Could Result to Layoffs
Ed O’Donnell, the Chief Executive Officer of Venoco Incorporated, an energy firm from Denver, reveals that the company is attempting to explore the asset sales that could result in the layoff of its employees. The Venoco operates oil and gas in California and employs around 360 workers at various branches including its headquarters in Denver. Although the CEO O’Donnell hesitated to give out details on the assets that may be sold or the number of layoffs, he said that the company has notified the employees of possible job cuts.
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Denver-based Venoco explores asset sales, says layoffs could result
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Career Education Center
Learning Employment Law in the Midst of Layoffs
Career Education Center is a weekly column authored by EmploymentCrossing, the nation's leading jobsite dedicated to getting people jobs.
According to the New York Times, Zynga, popular for its social games, is seeing the downside of the economy with job cuts in October 2012. With another dismal earnings report, the company is letting go about 5 percent of its work force, or 150 people. In times of layoffs, it is good for every employee to learn a little about employment law so as not to be cheated in pay or in benefits when putting in long hours just to be spit out when cash is not king with an employer. One area of employment law that affects everyone is the Fair Labor Standards Act (FLSA), a federal law to protect workers against unfair employment practices. As a federal law, FLSA preempts state laws, unless state laws are [...]
January 3, 2013 Read More
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