Provides for mandatory severance for employees terminated in certain layoffs

HB 403 requires employers with 100 or more employees to provide 90 days' notice before mass layoffs (affecting 50+ employees at a single workplace within 30 days) or transfers/terminations of operations. It mandates severance pay equal to one week of the employee's highest average pay over the last three years for each full year worked, with additional pay if notice is shortened. The law applies to layoffs without guaranteed rehire within six months, excluding seasonal workers, voluntary departures, or retirement. Employers cannot waive this severance without approval from the labor department.