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 ...
Well, instruction manuals do get lost, and who could fault an ex-SunTrust employee for changing a few passwords, and then forgetting exactly what the new passwords are. After all, those ex-employees are under a lot of stress.
As for not being available, the contract mentions that the ex-employees must be "reasonably available". That is so vague as to be meaningless.
In other words, I agree with you.
Exactly. This can prevent them from taking other employment. Which could be what the original employer wants, so that no skills get transferred to a new company.
If they somehow did manage to catch up to me, I would demand an exorbitant hourly rate. If they refused I would ride out the severance contract period and then contact the Labor Department regarding Fair Labor Standards, and how they are ignoring them.
You’re fired ... sort of?
Depositors should run the bank.
The Register has another take on this situation. tl;dr: Very Bad Idea...for the bank.
http://www.theregister.co.uk/2015/10/22/the_zombie_programmer_awakens/
Just for the new MBA to justify his existence, quality and salaries etc. have to be less. Ever wonder why the enjoyment of our food goes down every year? Why everyone's always talking about how good things used to taste? Just for instance. Applies to all industries.
Hopefully, the bank WILL ONLY call them for legal or regulatory matters. They’d be wise not to call them for tech matters.
Presentations center are only really in big cities like NY, LA etc,.
You have to know Excel/PowerPoint/Word creating and charting very well.
can make 60 70k...that’s what i fell into.
you were probably making more.
ah, my fiance makes abuot the same so when we get married we’ll be ok.
Staten Island is cheaper than NYC
I’d tell them to drop dead.
True, but “wise” is not the word that comes to mind.
No need for a non-competition clause... After all, what prospective employer in his right mind would hire someone who truthfully admitted, "Oh, by the way, my former employer might demand that I make myself available at the drop of a hat."?
Regards,
I would give them two hours for each year of service. It’s called negotiations.
my heart goes out. they tried to and succeeded in most places with outsourcing to India the presentations centers.
but at Lazard, they were so bad they closed down after two years,
so i was set, 70k, great benefits, the works, then God laughed and I got a head injury :)
8 years later working on Staten Island in dispatch center as supervisor,. Money is Very good for Staten Island and fiance makes good dough like i said, so we’ll be ok.
i’m 47. at 35 i was going to conquer the world.
It conquered me lol.
I like that line from Gladiator. It fits to more than death.
“Death laughs at men. All a man can do is laugh back”
You could put “life” in there too.
i dont let the leftover symptoms destroy me and I just try to laugh at the whole absurd thing that doesn’t make any sense or have any point unless God is real.
I’m not taking any chances :)
ah, SWEET REVENGE :)
i’m 47, you’re 52. we’re close in age
i’m, working at dispatching center where i manage guys in the field doing all kinds of labor from fixing CVS sidewalks to changing lightbulbs to redoing a closet.
i know @#$@#$ about this stuff lol. And have some 22 year old chick with nasty face but GREAT FIGURE!! yelling at me all the time!
“well the time slips away and leaves you with nothing muster but boring stories of...Glory Days”
Bruce is a liberal idiot and it doesn’t make sense because his songs are about the working man.
Let’s look at it like we’re not 72. We’re young to them. and they’re young to 92 :)
when i worked selling vacuums lol at 18, i heard a woman on the phone who just turned 40 say “ah, i tell myself at least i’m not 60, then i’ll say at least i’m not 80” lol.
Good for her.
Glory Days... :)
Bookmark.
I have to believe that HR at SunTrust isn’t saying too much about it. Not that they’re not proud of what they do...
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