Workforce Reductions and Business Restructurings
Weil benefits from the well-regarded capabilities and resources of the Firm’s Business Finance & Restructuring Department.
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.
Weil also has 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.