Applies to:
- All NSI
- Any NI with <5 YOE
- NRE employees excluded (age 52-54 with 15+ YOE or employees 55+ with 12-14 YOE)
Options:
- 3 month PIP, OR
- 3 month PIL, including pay, benefits, outplacement services
- retirement eligible employees may elect to retire
Notes:
- Supervisors must notify employees by Aug 12, but may take place sooner.
- Employees age 40+ Have 21 days to decide on PIP/PIL. Employees under 40 have 7 days.
- All PIP/PIL must begin by Sept 1. Off payroll date of Dec 1.
- PIL ends immediately if company learns employee has found new employment