Transactional Employment Counseling Workforce Reductions and Business Restructurings

Weil counsels clients globally on employment and employee benefits issues that arise in mergers and acquisitions, bankruptcies, and corporate restructurings.

Workforce Reductions and Business Restructurings

Weil benefits from the unparalleled capabilities and resources of the Firm’s Business Finance & Restructuring Department, long considered one of the leading restructuring practices in the world.

Weil has counseled numerous clients both in and out of bankruptcy in connection with their efforts to successfully restructure their workforces, including reductions-in-force and plant and office closings. We provide assistance with key employee incentive programs and modification of obligations under collective bargaining agreements and other post-employment benefit arrangements. 

We also have many years of experience advising companies on fiduciary issues arising in connection with employer securities held by their retirement plans. We have a strong record representing companies in financial distress that have experienced or are expecting a substantial decline in the value of their employer securities. We also provide trusted counsel on the implications of court decisions on private equity funds that own portfolio companies with underfunded pension obligations. 

Our clients have included General Motors, Lehman Brothers, Pilgrim’s Pride, Enron, WorldCom, General Electric, Bethlehem Steel, Republic Steel, Harper Collins, and Macy’s.

Transactional Counseling

Weil counsels clients globally on employment and employee benefits issues that arise in mergers and acquisitions transactions, including identifying and minimizing liabilities associated with the transaction. Our experience covers a variety of deals, including public company M&A, take-private or LBO transactions, transactions among private equity firms, spin-offs, and IPOs.  We advise clients on the full range of employment benefits matters arising from transactions.

Representative Matters

ACAS Acquisitions (Precitech) Inc./CIT

Bethlehem Steel

Harsco Corp.

Lehman Brothers

New York Daily News

Outboard Marine Corp.

Parmalat

There’s no substitute for experience, and these guys have it in spades.”

Legal 500 US, 2012

…if you’ve got a difficult problem, you need these guys.”

Legal 500 US, 2012