Thread regarding Schlumberger Ltd. layoffs

Question about US severance and historical ISDB

May I please ask for clarification if you had past international assignments and was released while being HCM in US? What impact of US severance package to the historical ISDB (CTI CSI) accrued during assignment aboard? US HR won’t give me a straight answer and ASKHR keep on closing my tickets without answering. BACO is overwhelming busy and won’t answer either.

BACO final settlement will take 1-3 months , they said, which will be way after the deadline given by HR to accept severance package with blanket waiver agreement.

If you don’t sign US severance agreement, does it mean SLB won’t pay any severance??

by RecentCasualtyOfBlueM---acre
| 1762 views | | 8 replies (last June 9, 2020) | Reply
Post ID: @OP+159skssK
Comment! It's anonymous!

8 replies (most recent on top)

US severance will take the entire seniority (IM, EM, HCR, HCM) for severance calculation with cap at 13, if your ITI (CSI +CTI) is more than US severance then the amount of (US severance per yr x IM yrs ) would be deducted from your final ITI. If your US severance is more than your ITI (contribution plus interest) , no ITI will be paid.

It’s said in IM handbook or the IM benefit statement somewhere, but not very clear.

by Anonymous
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Post ID: @ejcy+159skssK

I know a guy who signed his waiver after his deadline. They still paid it out.

by Anonymous
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Post ID: @1hke+159skssK

Person who wrote:
Your seniority for the purpose of US severance will be considered from the time you became HCR/HCM. This way your CSI and CTI payment from BACO will be made in full and nothing from your local (US) severance will be deducted.

Any experience with this? I'd dream of getting this. Contact me on slbsucks@yahoo.com if you have experience with this. Would love to find precedent for it being handled this way.

by Anonymous
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Post ID: @1yhm+159skssK

I just signed a severance with another company. Twelve pages. You give up your rights to take legal action against them. Sign the waiver. They do not owe you sh– and they know it.

by Anonymous
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Post ID: @xsb+159skssK

Your seniority for the purpose of US severance will be considered from the time you became HCR/HCM. This way your CSI and CTI payment from BACO will be made in full and nothing from your local (US) severance will be deducted.

by Anonymous
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Post ID: @tco+159skssK

Hi, I'm going through the same sh– now but have more info than you've gotten so far. If you want to share info, contact me directly. Just created an email which reflects my current mood for this purpose slbsucks@yahoo.com. Good to trade tips and see what we can work out.

by Anonymous
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Post ID: @cdp+159skssK

All your time employed by SLB (overseas, HCM or HCR) will count for your seniority and severance.

by Anonymous
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Post ID: @fcx+159skssK

If you don’t sign the waiver, SLB will not pay the severance.

by Anonymous
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Post ID: @ise+159skssK

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