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60 days severance is mandatory, due to the WARN act. I don't know if "keeping those affected on the company’s health insurance for the rest of the year" means
by phonon 6y ago
60 days severance is mandatory, due to the WARN act.
I don't know if "keeping those affected on the company’s health insurance for the rest of the year" means they will pay the full amount, or just the corporate contribution.
So, eh.
- goatinaboat 6y ago60 days severance is mandatory, due to the WARN act. Interesting. Here in the UK the statutory minimum is something like 1 weeks pay per year of service, where a week is capped at around £400. It's ludicrous, but it's what companies like IBM pay when laying off workers. It's strange to see a situation where American workers have more protections than workers, well, anywhere else!
- phonon 6y agoBasically in the US companies with 100 or more employees have to give 60 days notice before doing a mass layoff. If they don't give the notice, they can give equivalent severance instead. UK has notice AND consultation requirements. https://www.gov.uk/staff-redundant/redundancy-consultations https://www.gov.uk/staff-redundant/redundancy-consultations