Laidoff

This is an old revision of this page, as edited by Jpatt (talk | contribs) at 00:47, December 19, 2008. It may differ significantly from current revision.
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Laidoff is an act whereby employed individuals are informed by their company that their work is not required in the immediate future. Generally, this is a temporary period of unemployment but most times this does not mean the individual is jobless. The financial economics of a company dictates being laidoff. Other times, a workforce is laidoff for a holiday season. A striking union worker is considered laidoff until negotiations over job demands are met.