Establishes an assessment for employers using automation technology and creates a fund for displaced employee retraining.

The bill establishes an assessment for employers in Maryland who deploy or use automation technology and reduce their workforce by at least 10% in a calendar year. Employers must submit reports to the Secretary of Labor and pay an assessment of $900 per displaced employee. Employers may reduce the assessment by 50% if they provide severance pay, retraining opportunities, or successfully place employees with other employers. The Displaced Employee Retraining Fund is created to support retraining, job placement, and service programs for displaced employees.

Establishes an assessment for employers using automation technology and creates a fund for displaced employee retraining.

The bill establishes an assessment for employers in Maryland who deploy or use automation technology and reduce their workforce by at least 10% in a calendar year. Employers must submit reports to the Secretary of Labor and pay an assessment of $900 per displaced employee. Employers may reduce the assessment by 50% if they provide severance pay, retraining opportunities, or successfully place employees with other employers. The Displaced Employee Retraining Fund is created to support retraining, job placement, and service programs for displaced employees.