There may be irony in Olympus Corp.'s recent announcement, but about 3,000 workers may not see it. The company announced earlier this month that they have reached a multimillion dollar settlement with the former chief executive officer; soon after that came the announcement that Olympus will be eliminating almost 3,000 jobs. The executive claimed he lost his job in retaliation for blowing the whistle on the company's illegal accounting practices.
Probably not. Terminated employees are typically entitled to unemployment insurance benefits. The primary exception to this rule is when the employee is discharged for "misconduct". Misconduct has been defined and redefined as an intentional and substantial disregard of the employer's interests. Employers bear the burden of proving to the State that the employee engaged in misconduct and therefore should not be permitted benefits. The unemployment insurance system is in place to protect employees who lose their job to no fault of their own, but employees who are deemed to have engaged in misconduct are found to be at fault for their own job loss and are therefore disqualified from benefits.