OH HB432

Creates a shared work unemployment compensation program allowing employers to reduce employees' hours (10-40%) instead of laying them off, with participating employees receiving pro-rata unemployment benefits.

Requires employers to submit plans identifying affected units, certifying the plan prevents layoffs affecting at least 10% of unit employees, and maintaining fringe benefits including health insurance at prior levels.

Allows participating employees to receive weekly shared work benefits equal to their regular weekly benefit amount multiplied by the percentage of wage reduction, capped at 26 weeks regardless of remaining annual benefits.

Exempts participating employees from standard unemployment requirements like actively seeking other work or being available for work outside their reduced hours with the participating employer.

Requires director approval within 30 days of plan submission, with authority to terminate plans not executed according to program terms, and adds definitions of key terms including "affected unit," "shared work plan," and "participating employee."