Have no idea if Diane wrote Original Post... If Diane is truly OP???
But for sure, Diane (Bryant) wrote this! ❤️ ❤️ ❤️
_Additional Information on the Voluntary Separation Program Mon 5/9/2016 4:31 PM
A message from Diane Bryant
Additional Information on the Voluntary Separation Program
You were recently informed that you are eligible for the Voluntary Separation Program (VSP). As you seriously consider the effect want to provide information to help you make an informed decision.
Employees choosing VSP are paid through June 24, 2016, plus a 02 QBP cash equivalent. If you decide to stop working earlier, you will still be paid through June 24th.
The VSP package is 8 weeks' pay plus additional weeks for years of service. The payouts range from 15 weeks for 4 years' service, to 56 weeks for 30 years service. Please note that weeks of pay is calculated using your base salary plus the APB target, so the payout may be bigger than you think. You also have a choice of 6 months' paid medical coverage plus $9K each or 12 months' coverage.
The VSP includes outplacement services which include personalized job leads, career counselling, resume guidance and social media profile building. We will hold onsite forums soon In recent years 85% of Intel employees using the service found jobs, so please consider attending one of the forums.
The VSP packages are market leading and the highest offer by Intel in the past several years. When ACT ends, we will return to normalized packages which will be significantly lower than those currently on offer.
We will achieve the ACT targets through a combination of Voluntary and involuntary programs, protect cancellations and efficiency programs. If we don't meet our targets, we will take follow on actions, including involuntary headcount reductions. Those impacted by these follow-on actions may not receive packages comparable to the ones currently on offer.
The majority of employees impacted will be notified by June 29th, except for those countries outside of the U.S. which regime a longer legal notification process.
We will continue to manage lower performers each year.
The VSP is an opportunity to know where you stand regarding your future at Intel and determine if joining another company is a good option. We strongly recommend you discuss with your manager their assessment of your skills, capabilities, and career prospects so that you can make a fully informed decision before the VSP window closes on June 2nd._