http://www.chicagotribune.com/business/ct-biz-state-farm-laying-off-employees-bloomington-20180220-story.html
Funny no WARN notice has been posted. Guess they have 60 days and I don't think voluntary severance counts as a layoff.
5 replies (most recent on top)
You can get unemployment after your severance weeks run out.
Of course "voluntary severance" does not count as a layoff!
Except, if one's goal is to count the number of employees State Farm is committed to getting rid of, one really needs to count both involuntary and voluntary. Because the reality is that targets not reached for voluntary will simply be moved to involuntary.
Of course "voluntary severance" does not count as a layoff! That is the whole point. You accept the severance and are required to sign a doucument attesting to the fact that you are leaving on your own. You therefore also cannot apply for illinois un-employment benefits. Any SF employee that goes on un-employment raises future unemployment tax for the company.
Why would the trib be publishing this now?
I'm sorry, i don't get your point. This is not news. We've all known about this for months. Is there some other point you were making that i am missing here?,,,,