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...
This was buried in that long thread, needed to be on top for important info. Originally posted by @YL7MLuY-cdrx.