Define: Lack of Work
Lack of Work means a decrease in workload causing a required reduction in current or projected staffing levels
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Lack of Work means a decrease in workload causing a required reduction in current or projected staffing levels.
Relevant Circumstances
- Business downsizing or restructuring
- Seasonal fluctuations in work volume
- Unexpected decrease in project or workload