Big meeting next week. Anyone know what’s going on?
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Remember Nestle is a foreign company. They hate Americans
Our packets clearly state the severance (not retention) is a minimum of 8 weeks OR if you’ve been there longer than you will receive one week per year of service. So if you’ve been there 15 years you would receive 15 weeks of pay and someone with say 6 years would receive the minimum. Little confused why some say 1 week per year for everyone but packet says otherwise
The following information is coming from HR directly. I have an HR friend who was finally able to communicate with me and gave me some of the details. It's kind of jumbled but these are the details:
The frontline package is 1 week for every completed year as of last day worked. Those over 50 get an additional lump sum. You only get severance and retention if he stays employed until the Nestle-identified last day of work (which has not yet been determined). If he leaves before that, it's considered a resignation and he gets nothing. retention will be at least 6 months. So if by chance his last day is less than 6 months from now, they'll true up his retention bonus to be calculated based on at least 6 months of earnings. The retention bonus is 40% of his eligible earnings from today until his last day of work. Eligible earnings are all the time that he's working and not the time that he's not working. So PTO, short term disability, etc. don't factor into eligible earnings. So it's at least 6 months of his eligible earnings times 40% but it could be more depending on when his last day is. He will also receive the full time severance package, which is 1 week of severance for every full year of service. He'll also get money to pay for COBRA for the number of weeks that he gets severance. The packet he receives in the mail will detail all of the money associated with his severance and retention packages. There's also a ton of FAQs in there that will answer a lot of your questions. We expect the transition to take at least 6 months. Paid out for unused PTO. They expect the transition to start in Q3, so at least six months from then.
That's some of the basics that I KNOW. Packets should arrive tomorrow or Thursday at the latest. Kind of dissapointing that you can't take severance and leave, you have to stay on or lose it all. Husbands boss said they still have to meet their numbers too, or it can affect something. HR also said they are committed to letting everyone have 60 days notice of their last day. Hopefully they figure that out soon. Some areas could be sooner than others.
They’re f---ing us but not when it comes to the money at the end. They can’t ruin their image that bad. Lol.
Damn okay I feel better. I was super worried.
Minimum of 8 weeks so 7,500 severance pay plus insurance reimbursement if you have it. I’ve only been here 3 years and get the same. Retention pay is based on your hours tho so mines around 9k estimated.
Only a year lol so probably like a week of pay
“It is never too late to be what you might have been.” –George Eliot
Good thing I have a second job at Uber eats
How long ya been here? I have seen my relief severance.
Anyone managed to get a glance at the relief severance?
www.schwansjobs.com
Look under Schwans Consumer Brands for roles.
This company is changing for the positive. Schwans has started a new path after being acquired by CJ America.
This is a great opportunity to start with a company that is looking to grow sales and careers.
Former NDSD employee now with Schwans.
$4000 sign on bonus for CDL positions.
Sorry to here all you guys got screwed by nestle I got out 3 years ago and life is wonderful plenty of jobs out there if your willing to put some time in . I worked 25 years in pizza but as soon as nestle bought us from kraft I could see the writing on the wall life without nestle is fantastic good luck all !!!!!
Love how they give you the option to apply for positions in different divisions of the company and make it sound so easy. It’s easy to transfer within DSD but we have guys that have been here 20-25 years and have been told thanks but no thanks too many times to count.
This Nestle management at its finest ... fix mistakes with bigger mistakes ; meanwhile the top people that are the ones causing the mistakes get to stay.... this will be one of the biggest mistakes nestle has made to date ..... Schwanns has got to be throwing parties now they have a golden opportunity to own the pizza aisle.
I sent this to wwmt in Michigan...hopefully get the word out....this affects so many people
Leaving with serverance here. Can’t imagine working for a company that stresses about safety yet leaves your employees stressed out and worried while working for 5 days before the announcement. And they are a big company. No job is ever fully safe. The market will be flooded now tho. Especially because our DSLs and ASLs will be job hunting as well. Think it’s time for me to go back to school and finish finally. Eh. Already a bit tipsy so...lol. If anyone finds any good employment opportunities post them. Let’s be a good Nestle family and help each other out. Single mom here, but I’ll do what I can for everyone.
I started last year and now I will be leaving. I had so many hopes, well, it did not work out. Time to move on!!!
My wife will be leaving after 11 years with Nestle.
I am glad the agony is over, this weekend was horrible (anxiety, crying, etc.) - she feels much better now as there is some certainty.
Good luck all!
Wonder about pensions? Hope we can leave 401k in place till separation.
Is anyone planning on applying to internal jobs in other divisions or rather leave with severance?
It's amazing how accurate this thread turned out to be. Yes, there was noise, etc. but overall people predicted it pretty wall. For those of you who contributed to the discussion, thank you. For trolls, you are pathetic.
I'm about to sell the call to blogs.
Sounds like the FT employees are getting taken care of nicely. But what about the PT guys!! WTF
Everybody keep ur heads up and remember God is always in control
Merch here. I noticed that Miles app was still needed to be in compliance.. anyone know if rw3 as well?
EDQ is how many cases your order per store. Here in ATL is 30 for Walmart, 25 for Target, 30 for Kroger, etc. just means you have to order that at minimum per store to hit EDQ.
New employee here, what is EDQ percentage?
Wtf I hope our severance is like that I'm definitely staying
It’s not over....yet. But yes they will pay serverence in biweekly payments. Retention pay will be a lump sum. Get your 60hr weeks while you can to up that retention pay. There’s no internal jobs in my state so taking another nestle job isn’t an option. But I’ll be here till the end for the money, and I’ll have another job lined up for a soon as it ends. Getting my class A while I’m still here as well. Talk to your DSLs. They are losing their jobs too so they are willing to do whatever they can for you.
Employee packet states severance for FT is a minimum of $7,500 or 1 week/each full year whichever is greater. Plus retention bonus if you stay til end which is 40% of any earnings from now until last day.
Really hard to wrap my head around this, still can’t believe it’s over.
In the past they pay ur severance every 2 weeks like your still and employee. Anyone have insight on that?
No. Not till the amount runs out by uneployments set rates
Can you get unemployment if you get severance pay?
1 week for every year.
Still gonna do my job to the best of my abilities while looking for further employment. I truly hope the severance is worth it.
If you were on a call you will get a packet in the mail explaining severance and retention bonuses
If you’re smart you won’t break your back for this company while sticking it out until the end for the severance/retention bonus. It s---s. But I for one know I’ll get every dollar that I can.
Wiat, was I in the same meeting? I was told we’re adding hot pockets to our trucks. I’m so confused