Does anyone know what CTL/LUMEN is offering in 2020 as a severance package? I was just let go, right before the holidays and am devastated.
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Level3 destroyed Centurylink. Worse merger ever made in corporate history. Bankruptcy is now on the doorstep as soon as they wipe out the dividend. Horrible company with horrible corporate values.
Severance Benefits
Employees whose employment is terminated for one of the reasons listed in Article II (i.e., involuntary termination due to a Reduction in Force, a refusal of a Non-Comparable Position, or involuntary termination of a lower performer) are eligible for a Severance Allowance in accordance with the terms and conditions of either Section V.B or V.D, as applicable, of this Policy.
- Benefits Contingent Upon Signing a Release and Non-Solicitation Agreement. The Company will provide Severance Benefits in consideration for an Eligible Employee signing a waiver and release of claims acceptable to the Company agreeing not to subsequently pursue claims against the Company or its current or former officers, directors, employees, agents, successors of assigns, including legal recourse due to the reduction, involuntary termination due to job performance or other claims arising out of employment and, where permitted by law, and if requested by the Company, signing an agreement acceptable to the Company not to compete with the Company or solicit customers or employees for a period of one year after termination of employment. Severance benefits will include the following, as applicable:
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Severance Allowance. The Severance Allowance for regular, full-time, non-represented Eligible Employees who are terminated due to either an involuntary termination due to a Reduction in Force or a refusal of a Non-Comparable Position will equal 2 weeks of Severance Benefit per year of Service (as defined below) at the Eligible Employee's weekly base salary or wages as of the employee’s last day of work (excluding overtime, bonus or incentive compensation) with minimum and maximum weeks of Severance Benefits as follows:
Minimum No. of Weeks 4
Maximum No. of Weeks 30
- Lower Performer Severance. The Lower Performer Severance Benefit provides full-time Eligible Employees who have at least one year of service and who are involuntarily terminated due to performance reasons a Severance Benefit of 1 week of Benefit per year of Service, with minimum and maximum weeks of benefits as follows (the benefit is prorated, as applicable, for Part-Time status or Full-Time status working less than 40 hours in a work week):
Minimum No. of Weeks 2
Maximum No. of Weeks 8
in EMEA it's 1 months pay for every year worked capped at 6 months
Now that is a correct statement!
sounds like most people on this site are Qwest techs & have tunnel vision...here's a news flash, not all CTL techs are union. Non-union techs typically get 2 weeks pay for every yr of service, then he got the 130% bonus, the math adds up.
Well you are incorrect!
$46k for 14 years in a VSPP, you are lying bro. You probably never worked for Centurylink, You get $1300 per year of service if I am correct when you are offered a separation package. so do the math, but anyways Rock on !!!!
just go work for spectrum charter ... they seem to be hiring as fast as centurylink is firing ... except they s— also
who ever posted that he got $46k for 14 years in a VSPP, you are lying bro. You probably never worked for Centurylink, You get $1300 per year of service if I am correct when you are offered a separation package. so do the math, but anyways Rock on !!!!
46 grand for 14 years? hmmm
After 14 years, took the enhanced severance package (130%) back in June. $46 grand, then Uncle Sam got his part and I was left with bout $34 grand. Best career decision I ever made was to get out from under CenturyStink. Actually changed careers and have a job that pays more than the $34.48 hr I was making. $35 hr and no weekend work, no call out and home by 4:15. Loving life without CenturyStink. The grass is greener on the other side. Good luck to you.
Things will work out. It’s tough now but there’s life after Centurylink/Lumen.
I got 26k for 14 yrs , pay the mback by moving on and doing better !
No problem! I know what it’s like to process and it’s very devastating to ones ego as well. The severance package should be based on how long you were with the company. That determines the package. Let me know if you need anything additionally and I’d be glad to help. Hang in there! Things are gonna be fine!
Not yet. I find out tomorrow. Thank you for your kind response. I cannot process this and am in distress, but I will figure it out. Totally blindsided....2020 cannot get worse.
So sorry to hear this! Take a deep breath and things are gonna be ok. First thing you need to do is to apply for unemployment insurance ASAP! They didn’t tell you what your severance package was?