Thread regarding Triumph Group Inc. layoffs

What's the situation with severance?

Any chance somebody who has been laid off can share the severance package details with us? I've heard that it has been reduced compared to what it was previously, and it would be nice to know if that is true or not.

I'm worried about being laid off as it is, the last thing I need to do is add more worry about severance.

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Post ID: @OP+XPye4Wf

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Triumph publishes some severance agreements publicly on its website along with notices to change severance policies. Google search for Triumph SEC filings and look for documents labeled as 8-K/A

http://ir.triumphgroup.com/node/15456/html

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Post ID: @ppwz+XPye4Wf

When we just had our layoffs.. Triumph employees were given one week of severance per year of service, capping out at 12 weeks..any unused PTO was used prior to any severance kicked in

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Post ID: @6nqu+XPye4Wf

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