PRWeb (11/09/15)
Pittsburgh, PA-based System One, a provider of specialized workforce solutions and integrated services, has acquired Precision Resource Co., a provider of engineering, project management, and technical support to the power and energy industries. Both companies deliver contract talent for industrial and process environments.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Wall Street Journal (11/10/15) Rachel Emma Silverman
A letter to lawmakers from a coalition of 40 technology, public policy, and labor leaders calls for new benefits and protections for contract workers in the event that they get sick, are injured, or retire. The coalition is asking for such benefits and protections as workers’ compensation, unemployment insurance, and paid time off, with these protections to be portable and prorated by money earned, jobs done, or time worked across different on-demand platforms.
The signers include the chief executives or founders of Lyft, Handy, Etsy, and Instacart; Sara Horowitz, executive director of the Freelancers Union; Douglas Holtz-Eakin, former director of the Congressional Budget Office; and several venture capitalists. The coalition is pressing for future discussion to center on how such benefits should be administered and funded and what type of legislative or regulatory action would be necessary to implement them.
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In honor of Veterans Day, the board of directors and staff of the American Staffing Association would like to thank all the men and women who have served in the country’s armed forces and the staffing firms who work to employ those individuals.
The association also recognizes Ben Keen, the 2016 National Staffing Employee of the Year. Keen is a veteran of the U.S. Army and founder of Steel City Vets—a nonprofit organization that provides a variety of vital services to veterans who live in the Pittsburgh, PA, metropolitan region.
At Staffing World® 2015, many ASA member firms gave charitable contributions to Keen’s organization. Firms wishing to support Steel City Vets on this national day of commemoration can do so at steelcityvets.org.
In observance of Veterans Day, ASA is closed today. It is scheduled to reopen Thursday, Nov. 12, at 9 a.m. Eastern time.
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