Today's email from corp informs us of increases in severance amounts for vp's and people with less than one year of service. Vp and new people should be concerned.
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No, thats incorrect. You get two weeks for every year worked up to 52 weeks, I asked my manager directly so if you worked 10 years thats 20 weeks pay.
Everyone please reread the email!!! All the enhanced severance is only valid after the merger is completed!! And you don’t know if you will be tenure or considered a new employee of the new company. Good luck to all.
They'll keep the newbies as they are not jaded and bitter like the seasoned employees.
I'm so glad i got out of that sh--hole company.
If you have health insurance through dst, it appears from the email that dst will provide up to 6 months worth of their normal CONTRIBUTION towards health insurance. That means if they pay $150 a month towards your insurance today, they'll give you $150 x 6 months after they lay you off. Its not 6 months worth of insurance.
What I understood was health insurance would last six months past. I could be wrong though.
Did the email make any mention that if you were to be laid off your health insurance ends within a week?
HR/B3th 'taking care' of her plethora of VPs about to be let go.
It is up to 52 weeks, the only thing that really changed was the minimum.
I been with the company over 10 years so my severance will be pretty big ....That email that was sent out today really does not say who is getting laid off. I do not think tenure will matter. My department is no longer needed given a change in one of our customers so I do not feel secure BUT it will be cheaper to lay off newbies for their severance is smaller.
Why was that email sent?
it's 10 weeks minimum. If you have over 5 years, then you get 2 weeks for each year over, up to 20 weeks. Nothing really has changed except if you have less than 5 years - previously (Dec 2017 when the policy was created) the minimum was 4 weeks.
Read it again. A little more slowly this time.
The email I'm looking at says vps get 20 weeks pay and everyone else gets 10.