So in many cases, those who were PIP’d and PIL’d got a more significant severance than those who are going to be laid off.
Thanks LT. We truly feel appreciated!
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If you have to compare ExxonMobil to a service company you’re already going down a terrible path for arguing LOL. Look at what Chevron, Shell, etc. did those are our competitors
Severance is better than the service companies. 1 week per year, max of 10 weeks. No healthcare subsidy. Booted out the door immediately. It's a matter of perspective.
I thought in my session they said 4 weeks per year......then the employee connect says something less.....10 years is 12 weeks?
Not much severance is it
The scale is not linear . 12 years is 15 1/2 weeks and 28 years is 52.
You will get 4 months subsidies healthcare and 14 non subsidies.
Also you can request a lump sum of the pension immediately.
Also unless you where going to retire in the next 6-8 months the voluntary program is a joke. 4 months pay plus payout of next years vacation and any carry over.
Those that make out are the 52-54 age group protected from it all.
10 years?? Early career employees made it out good then.
10 years service to get 3 months pay.
I noticed that too but there’s some additional benefits for the severance that PIL didn’t get.
How much is the severance pay? I was PIPed and took 3 months pay and walked away immediately. What does the L in PIL stand for?
I took the PIL and took a paid vacation, found a new job that’ll have me making more (I doubt Exxon will give its most valuable asset a raise), a 401k and more vacation + sick leave, and am now working a new job in an industry that’s growing despite the pandemic with a good team. It was definitely worth checking in on this forum during lunch. I can’t imagine how the bottom 40% of the work force will have to live in fear for the next few years. Get out while you can! The grass can be greener!