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February 06, 2012

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Wills & Trusts News

U.S. Labor Department Announces $4.4 Million Grant To Assist Mississippi Workers

The U.S. Department of Labor today announced a $4,433,754 grant, with an initial release of $1,477,077, to provide employment-related assistance to approximately 1,200 workers who lost their jobs as a result of the closing of the Sara Lee Industries facility located in West Point, Miss.

"This $4.4 million grant will provide these dislocated Mississippi workers with skills training and other reemployment services to help them find new jobs in growing industries," said Secretary of Labor Elaine L. Chao.

In January 2007, Sara Lee Industries announced that the West Point facility would be shut down permanently as of March 30. On February 20, Rapid Response activities were conducted to inform affected workers about assistance available through the public workforce investment system. Read more at dol.gov.

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	News Room
	EEOC And BNSF Railway Agree To Settle Age Discrimination Lawsuit For $800,000 The Equal Employment Opportunity Commission (EEOC) and BNSF Railway Company (BNSF) today announced that they had agreed to settle an age discrimina... Read more > Violations Of the New Overtime Law U.S. Labor Department Recovers Over $2.2 Million in Back Wages for 600 Employees of Action Force Security Inc. in Puerto Rico NEW Y... Read more > New Jersey Minimum Wage Laws The Division of Wage and Hour Compliance enforces New Jersey State Labor Laws by enforcing a minimum wage, methods of wage payment and by enforcing... Read more > More News >

Common Terms

Today's Terms

Capital market

Definition:
The market in which corporate equity and longer-term debt securities (those maturing in more than one year) are issued and traded.

Bond

Definition:
A certificate reflecting a firm's promise to pay the holder a periodic interest payment until the date of maturity and a fixed sum of money on the designated maturing date.

Adequate warning

Definition:
If an employee is being punished for violating any kind of company rule, an adequate warning must have preceeded, either through the employee handbook or a signature that states that the employee was made aware of that particular rule.

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