An article in the Columbus Dispatch on May 8, 2013, announced that Cardinal Health would be laying off 170 employees, including 70 from its Dublin, Ohio headquarters. The affected employees were provided notice on Monday, May 6, 2013, and given thirty (30) days' notice. Cardinal Health spokeswoman Debbie Mitchell indicated they employees would receive a severance package based on years of employment and "will be given preference for any available positions that might be open."
In today's uncertain economy, companies are filing for Chapter 11 bankruptcy protection everyday. As such, those currently employed by, or contemplating employment with, a struggling company would be wise to consider the following question: how will the severance pay provisions in your employment contract be treated in the event you are terminated before or after your employer files for Chapter 11 bankruptcy protection?