LOXY. Just received the email requesting (if I want) what my number of months severance would need to be to voluntarily resign. Is this a sign of layoffs to come? If not then what are people putting / what is management expecting? If I fill it out I don't want to ask for too much and not get it or ask for too little and sell myself short. Also this is at my salary as of march 31st so before the reduction.
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@dumb geologist. You can't collect unemployment after your severance runs out. This is a voluntary resignation.
6 months plus 1 month for every year of service is a reasonable ask IMO. The low performers who were laid off previously got 6 months plus service time. You are giving up any bonus for next year (doubt they are going to be anything) plus any unvested LTI.
This s—s for some, it's a godsend for others. I've been wanting to get out of this garbage company for a while now, but the golden handcuffs have me locked in. Zero other opportunities available where I'd even have a shot against 300+ other applicants. Give me 3-6 months pay and let me figure out what to do next. I can coast on unemployment after that and then start dipping into savings. But the only thing that's kept me here the last year of trash has been the pay (now reduced). The work has been terrible for a while now and I find myself actively trying to sabotage the company. You created this monster, VH; I used to be a gung-ho employee. Now I'm a jaded old fart at 28. Give me the money owed for sacrificing the first years of my career to an empty cause, and let me leave.
There are hardly any LAPC folks that are eligible, they have all left. This is directly at you LOxy folks
I would ask for atleast 36m, hope to get 24m...then as other poster said, end up with 3 months paid before company goes under
It's a trick to lure out the LAPC guys to give up their COC. If they happen to get a few desperate LOXY folks at a month or two then even better.
anyone think they would accept a year salary paid? (im 9 years with the company)
I feel like I'm on the price is right. Put in your bid but don't go over!
Send out a company wide survey monkey and promise those that fill it out will see the results of the survey.....just make sure to send it anonymously
Any truth to the thought they will accept anything 12 months and under?
Why would you give the employee the option to pick his months of pay for severance? Hypothetically, you ask for 60 months, they give u 24 months, then they file for bankruptcy in 3 months. You get 3 months of pay, Oxy wins.
@ zof+14V5F6WH US payroll Expats got the pay cut too. Facts
It is outrageous Oxy keeps blaming it on Covid19 and even worse: “employees unable to perform essential functions”. What a shame. VH hasn’t been able to truly perform her duties since she took off from Chazen. Where was the due diligence on Anadarko’s Reserves? Where is the cost reduction if Expats are still out there making big bucks with uncut salaries. Why do we still pay dividend. We do we pay Apache mafia salary for poor advice. They broke down a company and expect employees to make up for their mistakes. For those who can leave, great! For those who must stay with the sinking ship, rough tides to come.
So basically some folks in greenway are eligible? This company s—s. Never thought I would miss Al Walker
The following employees are not eligible:
- Employees of Occidental Chemical Corporation,
- Employees who have been deemed to be assigned to an organizational unit or whose job duties are primarily dedicated to or in support of African assets or Gulf of Mexico assets,
- Employees whose primary work location is field-based,- Employees in accounting, tax, and treasury functions,
- U.S. dollar expatriate employees and rotators with a non-U.S. work location, and
- Employees who have agreed, prior to May 8, 2020, to a scheduled retirement date.
Make accounting eligible!!!! I had my pen and paper ready. I’d settle for HALF of my due severance at this point. Signed, ALL of L-APC accounting employees.
Could it be SPAM?
Those that sunk the ship are trying to kick others off the ship.
So, if they accept voluntary resignations and pay them on same schedule as continuing employees, where would the payments align in the event of bankruptcy? I'm about a year from getting some of my retirement (from another employer) and I have a family member that recently started requiring around-the-clock care, so this actually would be helpful in my circumstance.
Still waiting for voluntary resignation offers from entire EC.
As usual, more questions than answers. I'm assuming no payout on PTO, stocks vesting, bonuses, etc? Would you be cut immediately or staying on?
Sounds like everyone got the offer. So they will accept those id–ts that only ask for 3 months and keep everyone else?
24 Months