Companies need to be further disincentivized from laying employees off with impunity without forcing employees into a union model.
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Private insurers would be required to offer a “corporate downsizing” insurance product to employees just like long term disability. For a monthly fee, employees can purchase insurance in case of a corporate downsizing that allows them to receive 100% of their base salary and cobra health insurance premium cost monthly for 6 months after their separation date.
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Whatever a separated employee receives in a severance package is not subject to state or federal income, social security, payroll, etc taxes in order for them keep as much of that money as possible.
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I would like to see legislation mandating that employers that lay off employees (as opposed to discharging/firing/sacking/terminating) due to lack of business or lack of available work rehire the laid off employee(s) or at least offer to rehire the laid off employee(s) when business picks up. That means that laid off employees would have the right to first refusal for openings when business picks up or if the employer otherwise needs more employees. Furthermore those laid off employees who are subsequently rehired should be placed back to as same or similar a position as possible and should retain their seniority and benefits level. When a layoff takes place the laid off employees that are interested in going back to the company once business picks up should be required to let the company know of that fact and give contact information, USPS mail address, phone number and email address if any. No more firings of employees disguised as layoffs.