BUCKLE UP -
There is no legal limit on how many times a company can alter a Voluntary Separation Program (VSP) offer before you sign it. An employer can revise, amend, or even cancel the offer entirely anytime prior to your acceptance.However, after you and the company have both signed the agreement, it becomes a binding contract. Neither party can legally change the terms post-signature unless the contract specifically includes a modification clause allowing for it, or both parties mutually agree in writing to an amendment.
4 replies (most recent on top)
To send out packages and say “oh by the way if you want to leave this is what we will give you”. Complete silence from leaders. Then say oh it was only if you wanted to leave. Layoffs happen, but to not identify skills needed to sustain the company and retain people to pick up the slack causes fear and we see that with the flood of shares and posts on this site. The good news is other health plans are laying off but will need some of these employees to sustain their business so some people may get lucky with a job soon. There has to be some good out of it. Good luck to everyone.
@OP not worried. Took it anyways
at this point, I do not believe they would do that.
the damage has already been done with their reputation and in order to prevent further attrition ('cause people are going to leave regardless), I do not think they would go this route.
I was fine continuing my employment here even though I am not happy, it’s a job and I like my team and PL. However, after getting the email about the VSP and accepting it and my fate as to what is coming, I have now become very frustrated angry and bitter and really disliking everything about this company.