Anyone know if RSC getting a surplus package or just what’s in the handbook ?
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Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater) for each completed 6 months of Continuous Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater) for each subsequent completed year of Continuous Service, up to a maximum of $18,000.
Read article 14 of the handbook