2 ms·

Some American companies apparently have yet to figure out you can fuck over your employees even more by not paying severance. IBM's clearly behind the curve on

• yourapostasy 12y ago
  Very unfortunately not the case. I didn't know the following could happen until the story was related to me this week by someone I know. Apparently a tactic used by companies acquiring other companies is to re-negotiate severance policies with employees. As in zero out time in the old company. This is difficult for average employees to detect in the dense legalese, and it is an extremely convenient way to rid the new owners of employees that fall on the wrong side of the most desired age bracket. The person this happened to was with the original company for a little over 20 years, the new merged company for three, and only got credit for two years (one year "probationary" period before severance starts counting) when the axe fell last month (not IBM).
  • beedogs 12y ago
    Jesus. When the company I worked for (here in Australia) was subsumed by another, all the contracts were renegotiated specifically to include our years spent at the old company. Going in the opposite direction is pretty awful.