Thread regarding Occidental Petroleum Corp. layoffs

Oxy Change of Control Severance Plan

Check out the Oxy COC that HR just sent out via the Q&A document. Effective February 2020. They basically cut and pasted most of the sentences from the APC COC. Looks to be not too shabby. Too bad it probably won't matter.

Oxy Grade 26 > gets 24 months as the base + other items; below 26 gets one-month pay per years of service + 1 month (min 4 months max 22 months). How does the pay grade break down within the company?

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| 7863 views | | 49 replies (last April 3, 2020) | Reply
Post ID: @OP+14iKzeGX

49 replies (most recent on top)

Loxy, When we sell, the new company will lower your salary by 4.9% and then update the good reason document that 4.9% is not a "material diminution". You will see how it feels.

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Post ID: @ejh+14iKzeGX

Sure seems to me these LAPC folks like to talk about COC alot

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Post ID: @fgz+14iKzeGX

LAPC COC is way bigger that LOXY COC...just facts

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Post ID: @jet+14iKzeGX

EVP and above are grade 26

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Post ID: @fno+14iKzeGX

I am sure you LAPC folks cant handle 2 COCs at once

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Post ID: @buw+14iKzeGX

Two bad us LAPC can't get two COCs at once.

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Post ID: @zmm+14iKzeGX

LAPC folks are Grade 26

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Post ID: @vmo+14iKzeGX

LOXY, yur welcome. Now yall can stop cryin that us LAPC folks have the COC and you dont.

You will love the COC. The COC is amazing.

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Post ID: @uhg+14iKzeGX

What roles or titles are job grade 26?

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Post ID: @zru+14iKzeGX

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