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GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Stylianos Polychroniadis22-Oct-15 10:58
Stylianos Polychroniadis22-Oct-15 10:58 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Stylianos Polychroniadis22-Oct-15 11:00
Stylianos Polychroniadis22-Oct-15 11:00 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Pualee22-Oct-15 10:59
Pualee22-Oct-15 10:59 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Marc Clifton22-Oct-15 11:02
mvaMarc Clifton22-Oct-15 11:02 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Stylianos Polychroniadis22-Oct-15 11:03
Stylianos Polychroniadis22-Oct-15 11:03 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Duncan Edwards Jones22-Oct-15 12:01
professionalDuncan Edwards Jones22-Oct-15 12:01 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Erik Burd22-Oct-15 11:18
professionalErik Burd22-Oct-15 11:18 
General...and the other side of the story is... Pin
Chris Maunder22-Oct-15 12:07
cofounderChris Maunder22-Oct-15 12:07 
It's part of a severance agreement and, because this is a newspaper who just wants to stir things up and get page views, they don't provide the full story.

No employee needs to sign the agreement. They are being terminated and they are entitled to whatever severance package is required by law. No one can take that away from them. It may, however, be pitiful, especially in the States.

A severance package typically provides more compensation in exchange for something above and beyond what the law requires. At this point the bank is offering to pay employees more if they agree to provide more services. No one is being forced to do anything.

Now: take the rose coloured glasses off and you'll probably find that the bank will pay the absolute minimum to those who don't agree. Maybe a couple of weeks pay. Further, maybe what the bank is offering as a top-up is minimal and not worth it. Maybe it's generous. Who knows. I'm guessing it's probably not overly generous.

And then there's the issue of fairness. A contract isn't enforceable if it's simply ridiculous. You can't offer someone $5K extra and then have them come in 3 days a week for 2 years to help transition. Any court in the land would throw that out, and it would be up to the bank to sue someone for not turning up to work. Sure - they may resort to scare tactics - but doing so would invite counter-suits and I think there are one or two spare lawyers in the US who would love to step in and fight that one pro-bono.

All in all it's a story about arrogance and stupidity, not about people being tied to a rock.
cheers
Chris Maunder

GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Eddy Vluggen22-Oct-15 23:32
professionalEddy Vluggen22-Oct-15 23:32 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Dan Neely23-Oct-15 3:07
Dan Neely23-Oct-15 3:07 
GeneralRe: Bank’s severance deal requires IT workers to be on call for two years Pin
Daniel Miller23-Oct-15 14:54
professionalDaniel Miller23-Oct-15 14:54 
NewsThe Internet Archive is rebuilding the Wayback Machine to make web history easier to search Pin
Kent Sharkey22-Oct-15 10:30
staffKent Sharkey22-Oct-15 10:30 
NewsDevOps Summit highlights people, budget problems Pin
Christopher Shields22-Oct-15 10:29
Christopher Shields22-Oct-15 10:29 
NewsIs there such a thing as ‘talent’ in programming? Pin
Kent Sharkey22-Oct-15 10:28
staffKent Sharkey22-Oct-15 10:28 
GeneralRe: Is there such a thing as ‘talent’ in programming? Pin
Marc Clifton22-Oct-15 11:06
mvaMarc Clifton22-Oct-15 11:06 
NewsNoSQL is still the cool kid in class Pin
Kent Sharkey22-Oct-15 10:25
staffKent Sharkey22-Oct-15 10:25 
NewsXamarin becomes the native cross-platform solution for C# and Java developers Pin
Kent Sharkey22-Oct-15 10:24
staffKent Sharkey22-Oct-15 10:24 
GeneralRe: Xamarin becomes the native cross-platform solution for C# and Java developers Pin
phil.o22-Oct-15 10:52
professionalphil.o22-Oct-15 10:52 
GeneralRe: Xamarin becomes the native cross-platform solution for C# and Java developers Pin
Ravi Bhavnani22-Oct-15 17:11
professionalRavi Bhavnani22-Oct-15 17:11 
GeneralRe: Xamarin becomes the native cross-platform solution for C# and Java developers Pin
TheGreatAndPowerfulOz26-Oct-15 8:51
TheGreatAndPowerfulOz26-Oct-15 8:51 
GeneralRe: Xamarin becomes the native cross-platform solution for C# and Java developers Pin
Ravi Bhavnani26-Oct-15 9:55
professionalRavi Bhavnani26-Oct-15 9:55 
GeneralRe: Xamarin becomes the native cross-platform solution for C# and Java developers Pin
TheGreatAndPowerfulOz26-Oct-15 11:41
TheGreatAndPowerfulOz26-Oct-15 11:41 
NewsBlackBerry might have leaked the Priv's specs and release date (update: confirmed) Pin
Christopher Shields22-Oct-15 9:41
Christopher Shields22-Oct-15 9:41 
NewsAnnouncing 0xDBE 1.0 Preview Pin
Kent Sharkey21-Oct-15 13:14
staffKent Sharkey21-Oct-15 13:14 
GeneralRe: Announcing 0xDBE 1.0 Preview Pin
TheGreatAndPowerfulOz21-Oct-15 16:44
TheGreatAndPowerfulOz21-Oct-15 16:44 

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