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Compliance Assistance Resources

elaws - employment laws assistance for workers and small businesses

- WARN Advisor

Faltering Company

The "faltering company" exception applies when, prior to a plant closing or mass layoff, a company is actively seeking capital or business and reasonably in good faith believes that advance notice would prevent it from obtaining such capital or business, and this new capital or business would allow the company to avoid or postpone a shutdown for a reasonable period.