Cummins offers a pretty decent severance package, at least when offered a couple years ago. You get a month of pay for every year worked up to 9 years. You can’t ever get hired back if you are laid off.
The standard promotional increase was 7%.
No increase given for lateral moves.
Relo packages were offered no matter what.
The severance in 2020 was not as you described. I had 23 years in and got 8 months severance. I would have gotten 9 months at 25 years of service based on the severance policy I looked at a few weeks before I got shitcanned.. I don't know the whole scale but it's something like..... you're granted one month at start (0 years) and ne additional month at 1, 2, 3, 5, 10, 15, 20, and 25 years of service.
I was "laid off" at Cummins in Dec 2015 and now making 31k a year more than I was there...leave and don't look back! From my friends still there, a lot of the work is shifting to India which will totally tank the quality of software and hardware and drive this company into the ground.
Darlington DEP will get 2.5% July 2022 shop floor.
Wage increases suck though. No cost of living increases - I would be curious to know what CAT, Koehler, MTU and other big players are doing for their employee wage increases to offset inflation