MiMfg Magazine May 2020 | Page 11

May 2020 waves or tsunamis. Although courts have not addressed the issue yet, it is possible that this exception may apply during the current CO- VID-19 pandemic. Post “Right-Sizing” Considerations Severance One way to soften the blow for employees who have been let go due to “right-sizing” is to offer a severance benefit. Such benefits are not required by law, but may prove valuable to employees and employers alike. Employers should consult with legal counsel to ensure compliance with Employee Retirement Income Security Act (ERISA). Releases MiMfg Magazine law claims brought by a laid-off worker. Because severance benefits are not mandatory, an employer may condition the receipt of such benefits on the employee’s agreement to release the employer from any employment-related claims up to the time of termination. 6 Megan Norris is a principal attorney with Miller Canfield. She may be reached at 313-963-6420 or [email protected]. Brian Schwartz is a principal attorney with Miller Canfield. He may be reached at 313-963-6420 or [email protected]. Miller Canfield is an MMA Premium Associate member and has been an MMA member company since February 1989. Visit online: millercanfield.com. A properly crafted release of claims may reduce an employer’s exposure to liability for employment COVID-19 Resources for Manufacturers The health, safety and well-being of our members and employees is of the utmost importance to MMA. We’ve put together resources online to help your company weather the current crisis. COVID-19 Resources Financial Relief Tool Kit mimfg.org/COVID-19 mimfg.org/covid19financialrelief MMA has collected valuable information to help you and your team. Find official guidance, expanded leave information, methods to develop and deliver personal protection equipment, e-learning tools, member-provided resources and more. In the face of workforce disruption, revenue reductions, supply chain problems and economic upheaval, locating financial assistance is more crucial than ever. Get detailed information on emerging federal and state programs for which your company may be eligible. 11