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"In many countries, the severance pay is a lump sum that increases with the employee’s tenure in the company and their wage level. In the Czech Republic, Denmar
by KoftaBob 6y ago
"In many countries, the severance pay is a lump sum that increases with the employee’s tenure in the company and their wage level.
In the Czech Republic, Denmark, Hungary, Italy, Lithuania, Poland, Portugal, Slovakia and Spain, employees with service of up to one year are entitled to severance pay (in most cases one month’s pay), while in Luxembourg employees have to have a minimum of five years within the organisation before receiving severance pay.
In France and Slovenia, employees with up to five years’ tenure are entitled to severance pay amounting to a maximum of one month’s pay; in Spain, the entitlement is 100 days’ pay for the same tenure."
AirBnB is giving laid off workers around 3 months of severance pay. How is that less competitive than what's given in Europe?
- saiya-jin 6y agoLess competitive no, rather similar to what most white collar companies give. Some go way beyond, ie my own when fired due to similar reasons (and not say criminal behavior) will add 1 salary per year worked. It can lead to some serious package for long timers. This ain't for some C-level managers only, but regular desk IT folks for example. Now if they would be firing say 30-50% the rules might be different, this ain't part of any written contract, but they did so for all folks fired for last 10 years. But that's probably the best package I've ever heard of, regardless of location.