Do we get any severance package and if we do how is it calculated (have to addmit, haven’t paid attention to this until now). I suppose a lot of other people waiting for the axe to fall are wandering the same.Btw, I’m US based.
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Yes, they have to pay unused vacation in the US. It's earned not granted.
Even in US you should get paid for unused (earned) vacation days. They owe them to you.
So if you have 20 days per year, and you get laid off 3/4 of the way through the year you have earned 15 days. If you have only taken 12 days so far that year, they owe you pay for 3 days I believe.
Ah I was speaking for US employees.
Guess UK laws are different
You do in the UK.
To the previous poster - no you don't get paid unused vacation days
Do we get paid unused vacation days?
Legacy Reuters staff in the UK (so staff that were with Reuters before the Thomson merger) have quite a complicated calculation dependent on age, seniority and years of service, it included aspects like car allowance, overtime, commission, bonus, remaining holiday etc. It was so involved that staff were provided with a spreadsheet that had all the formulas and tables built in, over 10 years of service qualified you for an additional ex-gratia payment. If you had 13 or 14 years service, you would be looking at about 20 months of salary as severance, ex Thomson staff topped out at 12 months severance for 12 years service.
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I was going to log into reachingourpeople and copy verbatim what it says, but now I'm not authorized to log into it. From what I recall, you get 2 weeks of severance for every year of service. I think it said you get 8 weeks at a minimum.