Information Suppression via Confidentiality Agreements
When severance is paid out—whether during traditional restructuring waves or voluntary PEP opt-outs—information is tightly suppressed through legal agreements:
Strict NDAs & Non-Disparagement: To receive severance pay, employees must sign a separation agreement that includes non-disclosure, non-disparagement, and strict confidentiality clauses regarding their departure.
Liability Waivers: Payouts are contingent on workers waiving their rights to sue under statutes like the Age Discrimination in Employment Act (ADEA) or ERISA. Discussing package details or the circumstances of the exit publicly risks forfeiting the payout entirely.
7 replies (most recent on top)
In and out system came with Jim and his Silicone team. FiFO syster - first in first out, you are lucky to make it for 401k match 3 years. This is all automated and saves Ford billions
@16a
I was affected last year, and offered the maximum severance based on my years of service, but I did not sign the waiver. I know a woman who was let go earlier this year. She was also offered severance based on her years of service, but she also did not sign the waiver.
I think in most cases, they will offer severance in hopes that you will release them of all responsibility. They are hoping to avoid lawsuits and bad PR.
For those who responded about severance, were you affected this year or several years ago? If you get the first I of your career and then the second this year … and you are in an area that needs to cut heads…. And you are a very long tenure employee …Will they fire you with no severance or give you x months salary if you sign the waiver ?
@as nothing you keep will matter. ford will cut you and if you don't sign, hold out until you run out of money UNLESS you can form a class action of at least 4 people. It's worked multiple times for F settling. It takes a while but it happens but it has to be 4 or more people.
And this is one of the many reasons why I did NOT sign the waiver or take the severance. When Ford completely sc--wed me over, I wasn't going to sit back and take it up the a$$.
I always kept a WMD (CYA) file. Incase of a NHTSA investigation. Just in case your data or warning is over ruled.
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