Thread regarding Freescale Semiconductor Ltd. layoffs

Just got the news, I'm getting a severance. Y'all better get out while the getting is good!

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Post ID: @OP+H73CkZK

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You have to initiate this on your own. If you want a severance package contact your manager NOW! HR will not come to you. I was not given the specifics of how long my severance will be or how it will be calculated. I was told by my HR rep that all that will be communicated to me as I get closer to my termination date later this year. I have heard that severance is 6 months of pay and I've also heard it is 2 weeks of pay for every year of service. I do know that severance tops out at 20 years, so if you have over that number years of service it won't make a difference in the calculation.

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Post ID: @5bzn+H73CkZK

how to calculate it? how many week payment versus service years?

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Post ID: @dmj+H73CkZK

which division is giving the memo ?

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Post ID: @eou+H73CkZK

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