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My company has informed us that it will be unable to pay our salaries (due to cash flow issues) come August 15 and has asked us to defer our salaries for an undetermined amount of time. We have essentially been given 4 business days to decide. I am not sure what happens if we say no, I can only assume a layoff. Nothing has been presented in writing. Are rules being broken here?
Thank you for your question. We will need additional information from you to properly assess your situation, including reviewing any correspondence from the employer, along with your employment agreement. Please contact us at your earliest convenience to schedule a consultation.