The RIF email contained a link to the Honeywell policy on the topic, but I could not find information on severance. I have also searched internal documents and found no further information. Is Honeywell severance a standard package? Does improve with time served? Do you need a minimum amount of time at Honeywell to be eligible for severance?
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In Canada there is a formula that considers years worked, your age, and your band. The maximum is 77 weeks. So, for me for instance, if I was laid off tomorrow, I'd get 50 weeks, almost a year.
Use the intranet Google box to search for it, try search term "severance plan".
Not sure where I found it...but if I recall correctly...
It is a week of severance for every year worked UP TO 26 weeks of pay and a minimum of 4 weeks payed.
So 4-26 weeks of pay.