Thread regarding Chevron Corp. layoffs

How long do you have to be with Chevron to be eligible for severance?

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| 1232 views | | 6 replies (last October 26, 2024) | Reply
Post ID: @OP+1v9eXwDa

6 replies (most recent on top)

There will be no severance payments this time around. They will simply require everyone to work from the office and the no shows are the layoffs. Problem solved.

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Post ID: @2xrh+1v9eXwDa

Go read the plan description. If you are a new hire there is a minimum you will receive if you are laid off regardless of how long you have been on payroll, albeit not much. I believe if you are laid off you automatically vest into the pension as well. Again, that won't be much if you haven't been around long. It's all on the benefits website.

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Post ID: @2ilf+1v9eXwDa

I’m pretty sure it’s 6 weeks plus 2 weeks per year of service. Vest in everything. Pension requires 5 years of service. Pretty standard.

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Post ID: @1xxe+1v9eXwDa

You can calculate it yourself in Workday, Schntoopknockle.

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Post ID: @sxj+1v9eXwDa

Payouts are typically based on years of service (2 or 3 weeks per year of service up to 52 weeks). I vaguely recall a minimum payout (maybe 6 weeks) but I’m not sure.

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Post ID: @emr+1v9eXwDa

If nobody knows, where could I find out?

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Post ID: @liz+1v9eXwDa

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