I wish my team was among those who received the VSP option - I'd jump on that opportunity in a flash. I'm hoping more will be offered in the following weeks or even months.
Do we have any indications that this might actually happen? That Thomson Reuters is planning to offer more voluntary buyouts?
Are voluntary separations ever offered to attorney editors?
They should sweeten the VSP offer.
Email lilly lang or whatever
I would take a severance package if the terms were right. Who wants to stay with an employer that sees its people as a liability? Let management figure it out and allow people to leave with their dignity in order to move on to an employer that actually values them.
Heard that if you take voluntary leave you are not eligible for unemployment, you would only get your severance pay and nothing else. The reasoning being you have left TR of your own choice. Unemployment would be applicable only if TR told you that you were being let go due to restructuring and your position was being eliminated. Unemployment compensation was meant as a safety net for those people who lost their job through no fault of their own. But because you chose to leave, well too bad then, that was your choice to give up your job. That means depending on where you live you are giving up as much as six months additional compensation. There may be tax benefits for TR if you don’t collect unemployment so of course they would like you to go of your own accord rather than fire you. If they were really serious about convincing people to voluntarily go they would up the severance payout, say three or even four weeks of pay for every year of service rather than just two. Whatever, they are not offering anybody anything unless it is the best deal for TR. Might as well wait it out and make them flat out lay you off.
Is the package better than involuntary?