Re: How F***ing Much?
I asked UK HR for a copy of the terms and conditions of any voluntary redundancy. They sent me a copy of the EDS terms that carried in to HPE and I have an email confirming that they apply for DXC. Only concern is the word discretionary:
The following information sets out the company’s current discretionary practise regarding redundancy payments for all legacy EDS employees on EDS Standard Terms and Conditions.
The enhanced redundancy payments referred to below are inclusive of any statutory entitlement. These payments are offered at the company’s discretion save for any statutory entitlements, and payment may be conditional on employees entering into a compromise agreement with the company.
Less than 5 years service: 1 month
5 - 6 years service – 5 weeks
Each additional year over 6 years service – 1 extra week up to a maximum of 12 weeks
Employees will receive a redundancy payment based on the following:-
1 weeks reference salary per year of service between 18 – 21 years of age
2 weeks reference salary per year of service between 22 – 40 years of age
3 weeks reference salary per year of service between 41 – 65 years of age
Redundancy payments will be capped at a maximum of 12 months salary