Thread regarding Chesapeake Energy Corp. layoffs

Severance?

I've read in another thread that those who were laid off get paid for 60 days like normal in addition to severance, but it does not say what severance is like.

Any chance somebody knows what Chesapeake is giving to laid off employees as severance? Is it two weeks pay for each year or is it a different system?

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Post ID: @OP+Ru39XIL

3 replies (most recent on top)

Everyone got an individualized package based on age and time of service.

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Post ID: @1lho+Ru39XIL

3 months pay plus your up coming bouns

At 100% it's value plus 3 months insurance

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Post ID: @1lzh+Ru39XIL

I thought it was one week not two?

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Post ID: @eyc+Ru39XIL

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