Thread regarding Intel Corp. layoffs

Whats the isp/vsp package in each country

I heard

Ireland 7 weeks pay per year service

Germany 5 weeks per year

Others?

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| 1574 views | | 5 replies (last May 20, 2016) | Reply
Post ID: @OP+HtXSQP1

5 replies (most recent on top)

For VSP, China is 1 month per year + 6 months, i.e., N+6 month pay.

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Post ID: @1phr+HtXSQP1

Germany is 1month per year, that's 4.33 - not 5, not 4.5(we're still a eng shop, right?)

It's capped at 24.

It's a rather low offer, stronger unions get at least month*1.5 and 6month garden leave.

Employment process takes 3+ months after you found the right candidate, so average job search takes longer.

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Post ID: @vnm+HtXSQP1

Yes Ireland is pretty much 7 weeks pay per year .. (2 of which are statutory and capped at 600 euro a week). Your remaining 5 weeks per year can earn you all the way up to 2 years pay if you have the years served. Tax on all this is effectively zero. I know at least 5 guys who have left with greater than 170,000 cash in their pockets (and 2 substantially more so) and they are some of the happiest people I have seen in Intel in years :)

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Post ID: @ntk+HtXSQP1

Half? Really doubt that... I am an European Citizen and currently living and working in IT in Ireland. Now way it is half or if there is any major difference at all specially Senior roles!

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Post ID: @kzz+HtXSQP1

Not sure... In Ireland salaries are half/50% of these in Germany (as I have heard). So at least Ireland deserves to have 7w per year. Not sure about Germany, seems that this is 1m (4.5w) per year.

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Post ID: @wpa+HtXSQP1

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