Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bank’s severance deal requires IT workers to be on call for two years
Computerworld ^ | 10/19/15 | Patrick Thibodeau

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 ...


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: corporatewelfare; h1b
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-111 next last
To: setha

I was referring to the severance contract obligations - the requirement to work for free.


41 posted on 10/19/2015 6:50:15 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: markomalley

“Ok, I know how to fix your problem, ok, go to your command line and type this in:

rm -rf /

That’ll fix ‘er right up.”


42 posted on 10/19/2015 6:51:36 PM PDT by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: absalom01

I read a story a few months ago where an IT firm hired a bunch of H1Bs from India, worked them over 299 hours a seek and was paying them $1.29 an hour.


43 posted on 10/19/2015 6:51:59 PM PDT by Blood of Tyrants (There's a right to gay marriage in the Constitution but there is no right of an unborn baby to life.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: markomalley

There is not enough bad karma in the universe that could be visited upon this wretched excuse of a former employer for all the evil they have done. Still, I hope the universe gives it a go.


44 posted on 10/19/2015 6:52:22 PM PDT by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: absalom01

100 hours a week (doh)


45 posted on 10/19/2015 6:52:31 PM PDT by Blood of Tyrants (There's a right to gay marriage in the Constitution but there is no right of an unborn baby to life.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Mr. Lucky

For a start, the unconstitutional expectation of free labor.


46 posted on 10/19/2015 6:52:40 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 40 | View Replies]

To: markomalley
Sure, I'll be glad to help you out, Raji.

The command you need is fo are-mat. Sure I'll spell it. F-O-R-M-A-T.

47 posted on 10/19/2015 6:56:01 PM PDT by KarlInOhio (The 1st amendment is the voice and the 2nd is the teeth of freedom. Obama wants to knock out both.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: markomalley

Do the Worm...


48 posted on 10/19/2015 6:58:28 PM PDT by W. (I piss fire and acid upon the militant muslims as they incessantly parrot their retards' religion!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mr. Lucky

I’m not a lawyer.

It does however, strike me as being beyond reasonable.

Just my opinion.


49 posted on 10/19/2015 6:58:46 PM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.htmii)
[ Post Reply | Private Reply | To 40 | View Replies]

To: dp0622
What you have said is very much NOT true. Cruz fervently believes H1-Bs, which businesses have to find and work through the process, can provide very worthwhile services in places where there are no Americans to do the work.

There are places in the US that can be legitimately shown to not house the exact talents and abilities companies need to expand their operations. That means hiring these key people will enable potentially hundreds more Americans to be hired in other positions.

Cruz COMPLETELY stands behind his prior bill, and would like it to come back in the not too distant future.

From Cruz's own website:

Sen. Cruz Presents Measure to Strengthen, Improve Legal Immigration
http://www.cruz.senate.gov/?p=press_release&id=137

Do you really believe Ted is lying about this, when he continues to host it - joke-free - on his government website? Read it through and tell us all he his only joking about a 500% increase in H1-Bs.

50 posted on 10/19/2015 6:59:38 PM PDT by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
[ Post Reply | Private Reply | To 15 | View Replies]

To: markomalley

Slavery ended a long time ago. I weould tell them I’m very busy watching paint dry.


51 posted on 10/19/2015 7:00:26 PM PDT by wetgundog ("Extremism in the Defense of Liberty is No Vice" -AuH2O)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservativeMind

Then I have Trump left to vote for or i’ll get to stay home on a cool November day.


52 posted on 10/19/2015 7:03:25 PM PDT by dp0622
[ Post Reply | Private Reply | To 50 | View Replies]

To: ground_fog

96% to Republicans.


53 posted on 10/19/2015 7:05:18 PM PDT by logi_cal869 (-cynicus-)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Wolfie

then @#$@#$ him, like i said to the other post.

dont understand FReepers getting off on calling other FReepers pathetic and other names.

which is why republicans usually lose or are in-cohesive.

see it too much on this board.

anyway, if it’s true, i vote Trump or stay home in November


54 posted on 10/19/2015 7:06:30 PM PDT by dp0622
[ Post Reply | Private Reply | To 23 | View Replies]

To: DuncanWaring
Sun Bank pays each employee at the time of separation. If the employee isn't satisfied with the terms of the agreement, he or she needn't sign it (but then he or she wouldn't receive the separation payments).

The requirement for future services in this sort of agreement is to clearly establish that the payments are earned income. The company would be nuts to expect a former employee to return without a whole new compensation package (almost as nuts as expecting to be able to offshore IT work without suffering adverse consequences).

55 posted on 10/19/2015 7:07:36 PM PDT by Mr. Lucky
[ Post Reply | Private Reply | To 46 | View Replies]

To: Flick Lives

So the only thing that “severance” means these days is that you’re being bribed to do something against your self interest.

As for the consultancy period, isn’t that bordering on classification issues if they’re not employees, yet being directed as employees?


56 posted on 10/19/2015 7:08:58 PM PDT by setha (It is past time for the United States to take back what the world took away.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: markomalley

Unless there’s 2 years of salary in the severance package, they can stick “on-call” up their....

“Hi, New Boss....if you don’t mind, my old boss insists I’m available at the drop of a hat for 2 years.....”


57 posted on 10/19/2015 7:09:16 PM PDT by G Larry (Vote Hillary! Pro-Abortion Socialist)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dp0622

The sad truth is, the US has been graduating DOUBLE the number of STEM grads as have been able to find jobs:

http://cis.org/more-us-stem-grads-than-jobs

We gave Ted a fair amount of money, so we have been supporters of him.

Both my wife and I will be voting for Trump now, though. We submitted questions around this to his campaign (and talked with his telemarketers) about this and have received no good answers. In fact, we have had success in enlightening his telemarketers as to this stance and my contact went to the website (with the one I last spoke with) and said this concerned her, as well. (They are probably volunteers who work for free or very little.)


58 posted on 10/19/2015 7:12:08 PM PDT by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
[ Post Reply | Private Reply | To 52 | View Replies]

To: DuncanWaring

At this point, both seem equally bad in that respect - as guest worker programs have the same issues and incentives.


59 posted on 10/19/2015 7:13:31 PM PDT by setha (It is past time for the United States to take back what the world took away.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: ConservativeMind

This is DEVASTATING to me.

There are no heroes anymore.

the last one died in a terrible way some years back :(


60 posted on 10/19/2015 7:13:48 PM PDT by dp0622
[ Post Reply | Private Reply | To 58 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-111 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson