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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
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To: markomalley

Could be SunTrust has just created 100 folks voting for Trump.


101 posted on 10/20/2015 10:54:11 AM PDT by Captain Peter Blood
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To: ShadowAce

LOL, the “shred” might make them a bit suspicious.


102 posted on 10/20/2015 10:54:25 AM PDT by dfwgator
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To: Drew68

leave marriage out of this


103 posted on 10/20/2015 11:53:11 AM PDT by dp0622
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To: markomalley

Bad clauses are a pretty normal part of severance deals. And totally unenforceable, sign it, take the money, ignore their calls.


104 posted on 10/20/2015 11:55:13 AM PDT by discostu (Up-Up-Down-Down-Left-Right-Left-Right B, A, Start)
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To: markomalley

Take the money. Change all your phone numbers.


105 posted on 10/20/2015 12:38:15 PM PDT by knittnmom (Save the earth! It's the only planet with chocolate!)
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To: sheana

Pound sand and lots of it in double handfuls.


106 posted on 10/20/2015 3:47:42 PM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
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To: markomalley
"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."

Sure....as soon as these monkeys fly out of my butt.

107 posted on 10/20/2015 3:51:35 PM PDT by unread (Joe McCarthy was right.......)
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To: centurion316
What is the severance package?

That's the question to ask. This sort of service isn't free and it would be fantastically stupid (and risky) to demand it.

I was working for a company that was acquired by a rival. Everyone but a select group was shown the door; those of us who were lucky were put on a two-year transition team with the understanding that at two years plus one day, we were done.

After the less lucky were out the door, the other shoe dropped: full salary for those two years plus a year's worth of salary as a bonus. We just had to see that nothing bad happened during the transition. It was smart insurance and a bunch of us got rehired anyway.

108 posted on 10/20/2015 4:05:00 PM PDT by Billthedrill
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To: markomalley

You can’t require someone to work without compensation.

The 13th amendment says the same thing.


109 posted on 10/20/2015 4:12:16 PM PDT by djf ("It's not about being nice, it's about being competent!" - Donald Trump)
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To: ConservativeMind

Thank you for posting that.

I was looking for it the other day.


110 posted on 10/21/2015 5:35:44 PM PDT by Califreak (Hope and Che'nge is killing U.S. Feel the Trump-mentum!(insert ireallysupportCruzdisclaimerhere/))
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To: ConservativeMind

Thank you for posting that.

I was looking for it the other day.


111 posted on 10/21/2015 5:35:44 PM PDT by Califreak (Hope and Che'nge is killing U.S. Feel the Trump-mentum!(insert ireallysupportCruzdisclaimerhere/))
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