The info say pay cuts were effective immediately, so I expect anybody currently in CPM would have their pay cut as well, and then their severance would be calculated based on that lower pay.
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I can confirm that the CPM Employee Portal currently shows payout based on employee salary before the 5% reduction.
CPM at original salary rate.606
CPM not affected. Payout estimates already sent to CPM'ed employees based on old base pay. Confirmed by HR rep also.
Since CPM comes with a 9-week redeployment period, there are some employees currently in CPM that will receive their severance after March 1. Will it be reduced?
Doesn't make sense: why to push people to take severance at high amount when the pay is already low. Who runs this place lol
No. CPM not affected
pay cut starts march 1st