What is a fair severance package in a buyout or during layoffs? 1mon/yr? 3wk/yr? I'm have 10 years of service. I am considering leaving industry.
6 replies (most recent on top)
PIP/PIL gets you three months of pay if you choose to leave. Not a bad deal.
It’s not “layoffs”, people are being “terminated” for poor performance. There is no severance pay for employee terminations. It’s EM’s way of reducing headcount without dishing out any money to their long-term faithful and hard-working employees. Remember, EM only hires the very best!
Industry standard is two weeks for every year. Mobil offered that. I read 3 months severance.
This company will never offer severance packages
"FAIR" has nothing to do with the way this company does business. They're heartless !!!!! Don't count on a severance.
That's funny...……………..there will be no package.