Stop "Corporate Welfare" of State UI / Retraining Benefits

Stop "Corporate Welfare" of State UI / Retraining Benefits

What problem does it solve? When profitable corporations have layoffs of salaried professionals, they are often careful not to trip coverage of the "WARN" laws. WARN laws offer protection to workers, their families, and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. By not tripping these laws, the corporations are not required to cover the costs associated with Unemployment Insurance and Skills Retraining benefits given to the laid-off employees. What is your solution and who does it apply to? There should be an audit of the corporations that have laid-off people who are claiming UI and Retraining benefits. The corporations that are very profitable should be forced to cover the costs of these benefits, rather than NJ taxpayers having to shoulder the costs. This is an aspect of Corporate Welfare which is not commonly recognized. What is the anticipated impact? The reclaimed funds could be used within the State to cover its many needs.


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