if you accept EOI, what is the typical package been historically? And what is you're laid off even if you don't accept EOI?
15 replies (most recent on top)
I don’t care. I’ll take it!
Can you still get EDD if you take EOI?
In the US it's definitely NOT 4 weeks per year of service! After COVID it was 3, but it's generally been 2. Always capped at 52 weeks.
EOI will only be for certain areas and scenarios. SR moves, jobs replaced by ENGINE, and sites that are having forcing those to move back to a central office. If you are in a central office, expect the ROM. If left standing then normal package of two weeks per year and vacation paid out.
Yes, you get your CIP if eligible - read the rules.
Yes, you get LTIP but no future vesting or instant vesting. Read the rules.
If you EOI, are you eligible for your CIP.
And if you have LTIPs, do they vest them?
1mth for 1 year service
4 weeks for abu sounds about right. pay and remuneration structure is different to the us and aus has stronger legal workplace protections. No one would accept two weeks voluntarily unless they wanted a quick exit
ABU in all the previous layoffs has been 4 weeks/year of service. *Waits for the US downvotes for suspected trolling.
It may be country / BU specific: two weeks per year is the legal minimum in Australia, so doubt too many people would take an EOI at two weeks unless they thought there was a high chance they wouldn’t be retrenched, in which case there’s a similarly high chance their EOI won’t be accepted anyway.
Last one that I can think of was two weeks with a maximum of one year but then again, I am a senior citizen. Just give me that EOI walker!!!! Ha ha ha
They juiced 2020 transformation with 3 weeks, had only ever seen 2 before that.
4 weeks and I’m out right after CIP
4 weeks lmao dream on
It's somewhere between 2-4 weeks per year of service.
It's the same if your are laid off vs if you take EOI