Thread regarding Verizon Communications Inc. layoffs

VSP for Band 5

Does anyone know what is the VSP package for Band 5? Is it the same 60 weeks max or more? I believe the regular severance for Band 5 is much higher, minimum of 39 weeks and max of 52 weeks. So a VSP of 60 weeks for Band 5s is not that much lucrative if the tenured ones can get 52 weeks with regular severance.

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| 1511 views | | 3 replies (last July 8, 2024) | Reply
Post ID: @OP+1tpAG1Da

3 replies (most recent on top)

VSP for band 5 would only net an additional 8 weeks at max service, so yea, not much better than standard. RSUs should vest.

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Post ID: @ojf+1tpAG1Da

Std severance for band 5 is what original poster wrote, with min 39 weeks and max 52 weeks. Agree with OP that vsp is not very lucrative for band 5 in this case. There may ve other benefits like RSUs that vest with VSP that may make it worth… someone in B5 needs to comment to provide facts.

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Post ID: @tgi+1tpAG1Da

Standard B5 severance package is 2 weeks pay for every year of service. Difference here is an extra week per year of service. How much more lucrative depends on years of service.

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Post ID: @xqj+1tpAG1Da

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