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It would be very unfair for Boeing to offer 1 week per year served if you leave voluntarily, and then revoke that payment if they forcibly lay you off. At $OLD
by quaquaqua1 6y ago
It would be very unfair for Boeing to offer 1 week per year served if you leave voluntarily, and then revoke that payment if they forcibly lay you off.
At $OLD_TECH_CORPORATION_MAKING_DATABASES, we received one week per year served after being forced out, plus an additional "free month" of pay as well.
- wonderwonder 6y agosure, but the reality is that in the beginning of layoffs they will have larger reserves available for severance. As economic hardships mount those reserves will dwindle. Companies pretty much stopped caring about fair a long time ago unless you are lucky enough to have reached the C-Suite. Some companies alter the severance package based on nothing but how much your VP level officer likes you.
- quaquaqua1 6y agoI completely agree, that is totally a nasty risk vector! Fortunately I am a Boeing shareholder at $139.xx per share, so any measure to cut costs and reduce bureaucracy is welcome in my book. What a world!
- marcinzm 6y agoCompanies do not care about "fair" unless it provides them an economic benefit or is contractually required.