#BATH BODY AND BEYOND PARAMUS NJ FULL#

The company has previously declined to comment regarding severance payments. Unlike prior cuts in which as many as 12 weeks of severance pay were given, Bed Bath & Beyond workers in several states affected by this round of layoffs tell Insider they will receive nothing.

The company has not mentioned any connection between the new rules and the layoff timing in communications to stores, the manager said, but he noted that store closures in other states will occur after April 10. The manager asked to remain anonymous until his position is terminated, but his identity is known to Insider. Representatives for Bed Bath & Beyond did not respond to Insider's question about whether the law influenced the timing of its New Jersey closures.įilings with the New Jersey Department of Labor also show that the company notified the state in January and February that it would cut nearly 1,300 jobs across four locations: 262 at a Harmon warehouse, 84 at a Bed Bath & Beyond warehouse, 572 at an e-commerce fulfillment center, and 377 at its corporate headquarters.Īll four layoff notices have effective dates of April 9 or earlier, and a New Jersey store manager told Insider that his store and all others scheduled to close in the state are set to be fully vacated before the April 10 law kicks in. On February 7, less than a month after the bill signing, Bed Bath & Beyond updated its list of closing stores to include all 49 locations of its Harmon subsidiary - 30 of which are in New Jersey - as well as 13 flagship-brand stores in the state, up from three locations that were previously announced. Insider roughly estimates the newly required severance payments might have represented a liability to the company of several million dollars, based on median worker earnings reported in Bed Bath & Beyond's most recent proxy filing, layoff numbers reported to the state, and typical store staffing levels and tenure. 'That's why they're laying off a lot of employees.' 'What makes it kind of a kick in the teeth is you're often dealing with companies that are in some financial distress,' Diana said. Management-side employment lawyer Mark Diana, of the firm Ogletree Deakins, told Insider that starting April 10 in New Jersey, employers will be required to give 90 days' notice, include all part-time and full-time workers across all locations in the state, and pay mandatory severance of one week's earnings per year of service, with no cap on the number of weeks.

#BATH BODY AND BEYOND PARAMUS NJ FULL#

It often indicates a user profile.Ĭurrent federal and state laws require 60-days' public notice of job cuts affecting 50 or more full-time workers at one location, and only require severance payments in the event that an employer does not give full notice.

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Bath body and beyond paramus nj