Posted on 10/22/2015 7:08:16 PM PDT by Lorianne
SunTrust Banks in Atlanta is laying off about 100 IT employees as it moves work offshore. But this layoff is unusual for what the employer is asking of its soon-to-be displaced workers: SunTrust'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 deal 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 Nov. 1. This is according to several of the affected employees, who requested anonymity for fear of retaliation.
(Excerpt) Read more at computerworld.com ...
But none dare call it blackmail
Already called. let’s clobber them with calls.
No hablo engles...
“, and to do so without compensation.”
Nice.
Similar to unpaid overtime.
The workers don’t have to take the agreement. They can just be severed. Not saying the severance package is a good deal or a bad one, just that the workers are free to tell the company to stuff it.
Start bringing discrimination suits. This isn’t about pay. This isn’t about skills. This is about giving our jobs to India.
They want the US staffers to work for free with NO benefits so it isn’t about pay.
They want the skills of the white former staff which are needed to bring the replacements up to speed for YEARS after termination of employment.
RACISM.
Why would I hire somebody who is still beholden to their previous employer?
IBM didn’t even want to lose the white American staffers. They offered to help move them to India and hire them back for a small fraction of their original salary (and without Obama mandated benefits).
What absolute crap. Now this is where lawyers and whoever else needs to get involved. This company has a lot of nerve.
They probably put a 2 year NON-COMPETE clause in the severance agreement as well.
“it isnt about pay.”
Correct. It’s about stock price and dividends.
I’d tell them to stick it where the sun don’t shine.
I’m tell SunTrust to go pound sand, and then have my lawyer give them a call.
Nice. From highly paid professional to unpaid intern. The circle of life.
I'll be the severance agreement also has a non-compete clause blocking you from working for a competitor. So you can't land a new job and have to be on-call for two years to provide free consulting.
SunTrust Banks in Atlanta, good luck finding anybody to work for you. You'd have to be insane to take a job at that company.
P-O-U-N-D S-A-N-D
Shareholders don’t even see these benefits. They are absconded by the upper ranks in the form of bonus checks (for cost savings) and higher salaries.
I don’t begrudge them making what they can, but they are telling their staff that they are not qualified, not worth the money, et al, and then chain them to the job even after termination.
Depends on the size of the severance check. If it was big enough, I’d sign on to that deal. If it wasn’t, I wouldn’t.
Republicans (and some democrats) have been disgustingly backing offshoring for decades.
Obola is more than glad to let pseudo-capitalists hang then and us, with their own rope.
H1-B is yet another “Free Trade” disaster for our country’s labor force, and sovereignty.
Let me get this straight... The geniuses at SunTrust BANK, are going to expect to use the FREE services, on call, of their FIRED/LAID OFF employees whom also are IT and/or EXPERTS at computer hardware, software, and/or high level security and (anti-)hacking theories and methodologies.
That’s.... AWESOME!!!! :)
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