Mary Hayashi vs Solyndra
Original post made by Bill, Amberwood/Wood Meadows, on Sep 2, 2011
From her wedsite -
"This is unacceptable for a corporation that received $535 million in government funds at a time when we are cutting health care for seniors and children. It's a violation of federal and state law when you squander taxpayer money and then treat workers in such a disgraceful manner."
Under federal and state law, businesses undertaking a mass layoff are required to give the employees at least 60 days advance notice to protect employees and their families. By ignoring the law, Solyndra did not allow employees any time to prepare for their job loss, such as seeking other employment and reconsidering major financial decisions."
I have news for Mary. Solyndra does not exist as a going company. It was taken over by the law firm hired to handle the bankruptcy case. The 60 day WARN Act that Mary refers to, requires companies in business to notify employees 60 days in advance of an impending mass layoff. A bankrupt company does not need to follow this state law since the US Bankruptcy court takes over ownership responsibility.
Bankruptcy lawyers purposefully file for bankruptcy on the same day as the employees are let go. It is not the company that lets the employees go, it is the lawyers. That is why the process is so heartless. These lawyers have the same genetic make-up as the people that ran the Nazi death camps, with one exception. For a buck they would push their own mother into the gas chamber.
The employees are left with nothing, no severance, no vacation pay, no past wages (they do not get paid for the day they got laid off, another state law violated), no bonuses, no sick leave, all benefits expire the day of bankruptcy. If they are lucky they will be eligible for COBRA (don't count on it if reorganization is not an option). Count on your 401K being raided if you are not vested. It will take forever to repay any employee expenses. Any employee stuck away from home may have to pay their own way back to the Bay Area. And on top of this the IRS will not allow any deductions for lost wages or pay.
So yes, this really sucks Mary. What are "YOU" going to do about this injustice? You represent the people. Are you and your colleagues going to fight for the people or, like every other politician, realize that a major portion of your campaign funds come from the American Bar Association and go back to being a silent puppet.