Employee layoffs are not uncommon when a U.S. company offshores some of its production or is sold to an international firm that does similar work in a foreign country.
That’s when employers and employees can seek out career transition support for their laid-off employees through the Trade Act Assistance program (TAA). TAA is a federal program administered by the U.S Department of Labor that provides services and benefits to workers who lose their jobs due foreign trade.
Various industries – such as manufacturing – might typically be affected by a foreign trade issue due to the ebb and flow of product supply. If layoffs occur as a result, businesses should know these layoffs don’t need to be devastating for their employees.