Thread regarding Noble Energy Inc. layoffs

Severance Package

Does anybody know what the severance package has been during these layoffs?

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Post ID: @OP+10qsYGHE

7 replies (most recent on top)

They also provide 6 mths of insurance at noble employee premiums and then it goes to regular COBRA pricing. Also vest any restricted stock that would have vested within next 12 mths.

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Post ID: @1bvv+10qsYGHE

You can find it on internal website. It was revised in 2016 to degrade benefits. 12 weeks prorated bonus at your stip, prorated pto unless you’vre long timer. Then it’s 2 weeks per year max 1 year salary payout. Not many of us long timers left after 2015.

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Post ID: @1mnd+10qsYGHE

Two weeks per year up to one year total with a minimum of 12 weeks. Prorated bonus at a 1 factor.

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Post ID: @1fsr+10qsYGHE

12 minimum

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Post ID: @nie+10qsYGHE

I heard 2 weeks per year

is 12 weeks the limit?

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Post ID: @zmd+10qsYGHE

12 weeks and some kind of bogus pro-rated bonus amount. And because Noble’s financial performance is so poor the bonus amount will negligible.

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Post ID: @wqv+10qsYGHE

better than nothing.

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Post ID: @ewn+10qsYGHE

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