Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

May 10, 2021

Global Labor and Employment Law Strategic Topics (April 2021 Edition)

In this edition: Workforce transformation and restructuring in 2021

This edition of EY's Global Labor and Employment Law Strategic Topics explores how the impact of the COVID-19 pandemic has been quite divergent based on whether a business is essential or non-essential, whether a business can work remotely or requires physical presence, whether it services persons at home or in the office. Some sectors have done well, mostly high tech and food shopping, whereas other sectors have been simply devastated, such as travel, leisure, restaurants, and aviation. Moreover, many businesses are not planning to “go back” to a pre-covid-19 working environment; many are planning to integrate remote work on a long term basis. For those significantly impacted, and those experimenting with new working models, restructuring and reengineering of the workforce are just around the corner, and will likely lead to headcount reductions.

This issue focuses on the key issues that need to be top of mind by companies in each jurisdiction around the world if a reduction of workforce project is contemplated.

You will find insights from 41 jurisdictions around the world including: Argentina, Australia, Belgium, Bulgaria, Canada, China Mainland, Colombia, Costa Rica, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Honduras, Hong Kong, Hungary, India, Italy, Japan, Lithuania, Mexico, Netherlands, New Zealand, North Macedonia, Norway, Paraguay, Peru, Romania, Russia, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland and the United Kingdom.


Global labor and employment law strategic topics - April 2021


The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


Copyright © 2024, Ernst & Young LLP.


All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.


Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.


"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.


Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or Please refer to the privacy notice/policy on these sites for more information.

Yes, I accept         Find out more