The Sarbanes-Oxley Act requires employers of more than 100 workers to grant 60 days' written notice before closing a plant or before laying off more than one-third of a workforce in excess of 150 people.

Question

Quizplus · Accepted Answer

The requirement for employers to give 60 days' notice for plant closings or mass layoffs is mandated by the Worker Adjustment and Retraining Notification (WARN) Act, not the Sarbanes-Oxley Act. The Sarbanes-Oxley Act is primarily focused on protecting investors from fraudulent financial reporting by corporations.

The Sarbanes-Oxley Act Requires Employers of More Than 100 Workers