Anybody else hear the term for all payments regardless of seniority will be capped at 3 months starting in January? Are they expecting to lay off a lot more next year as cheaply as possible?
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“Heard they are trying to terminate without offering a sub package. Also heard they are concern about lawsuits.”
Damn right they better be concerned about lawsuits. Class action or solo I’m in 100% as well.
Heard they are trying to terminate without offering a sub package. Also heard they are concern about lawsuits. Isn't the sub $ coming from their insurance policy? Any manager that can provide insights on their determination? Also read that managers are concerned about getting sued for the force ranking....noticed that not video was not posted where TG pretty much admitted to force ranking!
I heard no severance. Just SUB pay for layoffs. How can you file wrongful termination if you are getting let go for downsizing?
State unemployment max is $500 a week and you are taxed. That is not going to help at all. Good Luck.
They have enough $$$ to continue to pay–some bills dropped out of Charlie's pockets on his quick exit out.
Class action or solo I’m in 100%...
Cheaper to pay sub than defend a class action suit
Ha, it’s probably because the sub capital fund they setup does not have enough funds to lay off all these employees that have been here for 20+ years! So now the remaining will get screwed on their sub package. Glad I was out before this happened.
I submitted this question today & it was not addressed- could be telling.
Not yet. MySource still has the schedule they’ve been using.
If the company does, I will not sign. By not signing,
you preserve your right to personal legal action and and any future class action lawsuits.
You can still collect state unemployment while looking for new opportunities.
Think on it before signing and giving up your rights, no matter what terms they offer.
If they do that, I believe much more people would reject the SUB package and file wrongful termination law suit. So the bank would pay even more.
No, they cannot do that without disclosing.