Home Depot Severance Packages

By Thomas McKinney

According to reports, Home Depot is preparing to cut 1,000 jobs and offer severance agreements to terminated employees. The Atlanta-based company sent an e-mail out to employees announcing the layoffs today. The job cuts are part of a structural change that includes closing three underperforming stores.  Laid-off workers will get at least 60 days severance pay and be eligible for any year-end bonus payouts, according to the e-mail from the company chair and CEO.

Dated: January 27, 2010 – Castronovo & McKinney, LLC

About the Author
Tom McKinney is an experienced NJ Employment Lawyer in all major areas of labor and employment law, including discrimination, harassment, overtime violations, wage and hour claims, sexual harassment, wrongful discharge, Title VII, ADA, ADEA, FMLA, LAD, FLSA, and all other employment law claims. Tom is admitted to practice in the States of New Jersey and New York, United States District Court for the Eastern District of New York, Southern District of New York, District of New Jersey, and United States Court of Appeals for the Third Circuit. Prior to forming the firm, Tom practiced at Gibbons P.C. in Newark, NJ. If you have any questions regarding this article, contact Tom here today.