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re: Typical severance package for middle to upper middle management
Posted on 9/26/16 at 2:51 pm to Jim Rockford
Posted on 9/26/16 at 2:51 pm to Jim Rockford
When we were sold a couple of years ago, I had about 10 years with the company and severance would have been 20 weeks (2 weeks per year of service). With the O&G downturn, we are now only giving 2 weeks regardless of position/title.
Posted on 9/26/16 at 2:55 pm to Jim Rockford
quote:
. It would be awkward to ask him "shouldn't you be out looking for work?"
I agree. TigerHam needs to get off his arse and find a job instead of trekking around the country with that mutt.
Posted on 9/26/16 at 3:02 pm to Jim Rockford
If you're upper management you might luck out and get a bigger package if you sign a non-compete or non-disclosure when you leave.
If you're some schmo, they'll give you your month and a half and show you the door.
If you're some schmo, they'll give you your month and a half and show you the door.
Posted on 9/26/16 at 4:54 pm to stelly1025
quote:
Also what is his financial status? Home paid for minimal expenses? Did he set himself up to not have to just take any job?
That could be, OTOH I always thought people who'd been out of work more than six months were toxic to employers, so after that much time there would be a sense of urgency about getting your name out there.
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