Bed Bath & Beyond will reportedly pay severance to 1,293 workers in New Jersey after it faced sharp criticism over prior cuts
It is unclear whether the nearly 1,300 workers who were terminated before April 10 will receive any payments, given that the company is not legally required to pay and is now navigating bankruptcy.
Cryan sponsored legislation, which took effect on April 10, requiring large employers to pay severance to more employees than is required under federal law., a management-side employment lawyer with Ogletree Deakins, previously told Insider the new law requires employers to:Cover all part-time and full-time workers across all locations in the state.
The law was drafted following the collapse of Toys R Us and was specifically designed to address large retail companies that employ many workers across several locations. Most retail employees are not covered under current federal layoff rules.providing $500 retention bonuses
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