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28.04 - 14:39
Layoff alternative grows in popularity during coronavirus
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Businesses increasingly turning to programs that reduce worker hours while providing unemployment benefits Washington: A state-run program that helps businesses cut costs while retaining staff is becoming an increasingly common strategy to fight the economic toll of the coronavirus pandemic.
State labor departments are seeing a swift increase in employer applications for programs known as workshares that allow companies to reduce worker hours and employees to collect prorated unemployment benefits to help offset lost wages, avoiding full layoffs.
Such programs are available in more than half of states, which together account for about 70% of all U.S. payrolls. States including Texas, Oregon, Colorado, Wisconsin and Arkansas say they have
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