Cash Advance Industry Shutdown in Ohio(H.B. 545)?

Question

My company is passing along information to it's employee's that make me wonder if they have our best interests at heart. Are they saying whatever they need to say in order keep people working until we show up one day and the doors are locked?

1) They say they will be able to stay open until November because of the 240,000 signature referendum the CFSA is working on. (the law takes effect Sept 1) Is it possible to put on hold a law?

2) We are being told not to worry about our jobs because of the secret new "product" they are about to unveil that will keep us all working. Does the new law allow for something like this?

3) We have been told we will receive two weeks severance pay for every year worked if we stay until..... But nothing in writing. I'm afraid this promise will vaporize when the time comes. Then I'm out there with 6,000 other people hitting the job market all at the same time.

4) Is the severance pay a ruse to avoid paying employee's unemployment. I have been told you can't collect severance and unemployment. Will I unknowingly be waiving my rights to unemployment if I take severance?

I will pass this information along to every employee I can. Everyone is scared and afraid. For some of my fellow workers, this is the only job they have ever had.

Answer 1

Severance of two weeks pay will stop you from collecting unemployment for two weeks. That's all.

Answer 2

Regardless of whether they shut down tomorrow or in 6 months, it makes sense for all of you to start looking for new jobs now. If they're going out of business, how will they have money to pay every employee severance pay?

And yes they're allowed to unveil a new product if what they currently do becomes illegal, as long as the new product is legal.