Question for those affected: what kind of severance did you receive? With all the changes and cuts going on, I'm wondering if they have made some adjustments to the severance package as well. I wouldn't really be surprised if that turns out to be true, I would simply like to stay informed.
4 replies (most recent on top)
VSAP from late 2020 got offered 3 months salary I believe, the RSAP folks from 2021 only got 1 month salary. Both got 1 week for every year, plus vacation, plus MIP for sups and up. If you get offered VSAP, take it LOL, the RSAP will be directly behind it if you don't. UPS is no longer a good company to work for.
Who is getting these buyouts/severance packages? Departments?
Where did you get your info? Is there any more info out on these "buyouts?"
1 month + 1 week for each year of service up to 25 years + 60 days worth of healthcare coverage. Supervisors and above get MIP.
There is also a provision regarding those who meet certain criteria around retirement eligibility will receive additional compensation.