Posted on 10/19/2015 6:24:24 PM PDT by markomalley
SunTrust Banks in Atlanta is laying off about 100 IT workers as it moves work offshore. But this layoff is unusual for what it is asking of the soon-to-be displaced workers: The bank's severance agreement requires terminated employees to remain available for two years to provide help if needed, including in-person assistance, and to do so without compensation.
Many of the affected IT employees, who are now training their replacements, have years of experience and provide the highest levels of technical support. The proof of their ability may be in the severance requirement, which gives the bank a way to tap their expertise long after their departure.
The bank's severance includes a "continuing cooperation" clause for a period of two years, where the employee agrees to "make myself reasonably available" to SunTrust "regarding matters in which I have been involved in the course of my employment with SunTrust and/or about which I have knowledge as a result of my employment at SunTrust."
The employees were informed of their layoff at the end of September, and the last day of work for some is on Nov. 1. This is according to several of the affected employees, who requested anonymity for fear of retaliation.
The severance is seen by affected employees as a requirement to provide ongoing technical assistance as needed. The severance agreement itself says that this assistance from former employees "will be requested at such times and in such a manner so as to not unreasonably interfere with my subsequent employment." An employee shared the severance clause with Computerworld.
(Excerpt) Read more at computerworld.com ...
This is a new low. Still, if they called me six months later my answer would be, “Gee it’s been so long. I really don’t remember.”
shred /dev/sda -z
the return clause was added to pacify a very reluctant CEO who could forsee disaster when everybody that knew what caused things to run were gone
IT offshoring and a post-employment expectation of service has Middle Management written all over it. They bloat a company and get rid of every non-mgmt. employee they can to cover their expenses regardless of how critical the employees are. When the company fails they update their resumes and flock to their next host. Suntrust will be listed in their resumes as “a major regional banking institution”.
I told Cruz that I wanted my donations back.
Cruz is still rated something like 96% at CR. He was at 100% last year. My other Senator is at 60% on CR. Cruz is undoubtedly more conservative than almost all Senators but my problem with him is that all these votes happened in the last few months. I still have not figured out if these votes were an anamoly or if Cruz will do more like this in the future. I could see voting for Cruz depending on what happens between now and March. I just wish he would get right with the H1-B thing.
I was at a bank in 2008 that did just that. When “the bottom” fell out, they fired heap loads of their senior IT and hired tons of juniors (and H1B) trying to save money. Our severance package was okay, not great, not bad. Their only stipulation was they could contact me at a later date if they had any questions to processes, documentation, etc.
Soon as the check cleared I changed my number and anything that arrived in the mail that was not certified was “return to sender”. Never heard from them again after about three months. Banks are very sleazy to their IT workers as a whole.
That is exactly what happened at PacBell in 1991. Thankfully, I moved on to a better employer as Pac Bell imploded. 360 projects canceled for lack of corporate insider knowledge.
Take the money. Leave. If they ever call tell them to...pound sand.
Part of the severance agreement which probably included a number of weeks of pay conditioned on being available for support.
If a good idea doesn't work out the way it was planned, then it wasn't a good idea.
Yea, I don’t see how this thing would remotely pass legal muster....
Fixed it.
When did it become the norm to set prices for labor and when you can't find anyone, import slaves?
-PJ
This is the sort of rank stupidity that gives “big business”a bad name.
Contractors with H-1B visas are also being used at the work site, according to Labor Condition Application filings, which attest to wage level and work site location.
SunTrust workers have been filing Trade Adjustment Assistance (TAA) applications for several years, citing a shift of work to India or jobs lost as a result of foreign outsourcing. TAA provides displaced workers with certain benefits, such as help with college tuition.
The SunTrust employees could not say exactly how big of a role outsourcing contractors are now playing at the bank because they don't know the bigger picture. But they did observe that in IT offices many of the workers appeared to be from India or other countries in that part of the globe.
I would out-Wally Dilbert’s Wally in terms of being useless, lazy, unreliable, and incompetent.
Of course I’ll be available. Just call BR549
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