Explain to you how all this mistaken denouncing pleasure and praising pain was born and we will give you a complete account of the system, and expound on the actual teachings.
Mistaken denouncing pleasure and praising pain was born and we will give you a complete account of the system expound.
Now, Business Insider is reporting the Austin, Texas-based automaker is offering workers two months of severance pay, which means they’d get paid through June 14, according to five former workers who spoke to the outlet. It does not appear that the packages are weighted based on the length of service at Tesla. That means workers with anywhere from a few months to several years of work at the automaker got the same number of weeks paid out. Brutal. That, folks, is why ya need a union.
Additionally, Tesla workers were given “either 30 days or 3 months (or both)” from their termination date to exercise their vested stock options. Staff would also have the PTO that they’d accrued leading up to their termination date paid out in their final paycheck.
Coincidentally, the two months of severance is just about the exact amount of time you need to skirt the WARN Act, as Business Insiderexplains:
Under the Worker Adjustment and Retraining Notification Act, companies that have more than 100 workers are required to provide 60 days of notice before a large-scale layoff. But Tesla’s severance offer could address any potential penalties if it were found to have violated the WARN Act, which says laid-off employees can be entitled to up to 60 days of pay and benefits if not given proper advanced notice.
Tesla is also offering to pay the cost of COBRA health insurance for two months for workers who had coverage through the company, according to a severance-package offer viewed by BI.
Like all things with Tesla (and big companies in general), strings are attached to the severance package. Apparently, in order to get the payout, laid-off workers have to sign a contract that stops them from participating in any lawsuit or mass arbitration against the automaker, sharing any of the company’s trade secrets or publicly defaming Tesla. Business Insider says this is fairly standard for severance agreements.
Laid-off workers will have to sign the agreement within five business days of its receipt, and it will give them severance pay for 45 days after their termination date.