Thread regarding Thomson Reuters layoffs

Severance

For ex Reuters people with service more than 10 years, when being let go, they will enjoy

  • 3 month garden leave

  • 3 month payment in lieu of notice

  • 1 year of payment of last annual compensation

  • 15%* 6 month payment for severance package

  • Employee contribution, retirement plans, insurance, housing allowance, child education

Of course we are talking about frontline staffs like sales, business development, etc.

by Anonymous
| 1851 views | | 3 replies (last October 5, 2018) | Reply
Post ID: @OP+V97IlhU
Comment! It's anonymous!

3 replies (most recent on top)

As an ex UK Reuters employee over 40 years old and 10 years service I got ;

  • 3 months notice period garden leave.

  • 3 months extra notice period (garden leave).

  • 6 weeks pay per year.

  • Bonus par rate at 10% salary.

  • £2,000 towards training.

  • Payment for holiday due.

by Anonymous
| | Reply
Post ID: @lweb+V97IlhU

Germany? France?

Definitely not the US. Perhaps UK.

by Anonymous
| | Reply
Post ID: @hgpn+V97IlhU

Where is this documented? United States applicable?

by Anonymous
| | Reply
Post ID: @bovo+V97IlhU

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