Genuine severance question

[anonymous]

This question originates outside the US so I hope you’ll bear with me & not be too quick to jump on me.

It looks like the severance package ex-US (I’m based in Europe) is going to be based on the level you are at, rather than years of service, as would be the normal approach. So that means that someone at my level who has been with the company for three months will be entitled to the same severance package as someone with five years, ten years, 15 years etc. And Takeda have the generosity to offer to continue this for two years post-closing!

This is way below industry standards in my country - just above the base legal minimum for anyone with more than 8 years service at my level. I genuinely have never heard of as bad a severance as seems to be on offer by Shire.

Has anyone any further insight? I’ll admit I’ve been hoping for a severance package after many long years at Shire but I’m really shocked by what’s on offer. I’m still busting my gut - stupid maybe - but I am feeling like a mug when someone barely in the door is getting the same offer.

Anyone else looked at the package ex-US?

 

[anonymous]

This question originates outside the US so I hope you’ll bear with me & not be too quick to jump on me.

It looks like the severance package ex-US (I’m based in Europe) is going to be based on the level you are at, rather than years of service, as would be the normal approach. So that means that someone at my level who has been with the company for three months will be entitled to the same severance package as someone with five years, ten years, 15 years etc. And Takeda have the generosity to offer to continue this for two years post-closing!

This is way below industry standards in my country - just above the base legal minimum for anyone with more than 8 years service at my level. I genuinely have never heard of as bad a severance as seems to be on offer by Shire.

Has anyone any further insight? I’ll admit I’ve been hoping for a severance package after many long years at Shire but I’m really shocked by what’s on offer. I’m still busting my gut - stupid maybe - but I am feeling like a mug when someone barely in the door is getting the same offer.

Anyone else looked at the package ex-US?

Be thankful you are getting something!!!!!! Don’t worry about that!

 

[anonymous]

Be thankful you are getting something!!!!!! Don’t worry about that!

Why would I be thankful to be getting something which is pretty much the bare legal minimum that has to be provided? We shouldn’t just accept bottom of the barrel scrapings. This company used to treat people decently.

 

[anonymous]

Thanks for the high quality responses. I really should have known better than to post.

 

[anonymous]

Thanks for the high quality responses. I really should have known better than to post.

It’s about patients. Stop giving on personal gain and being selfish and greedy!!!!

 

[anonymous]

Why would I be thankful to be getting something which is pretty much the bare legal minimum that has to be provided? We shouldn’t just accept bottom of the barrel scrapings. This company used to treat people decently.

Like you said, you’re in Europe. The US doesn’t care about your socialist policies. If it’s above the legal minimum, then that’s what you get.

 

[anonymous]

Why would I be thankful to be getting something which is pretty much the bare legal minimum that has to be provided? We shouldn’t just accept bottom of the barrel scrapings. This company used to treat people decently.

Somehow this company treating employees well in the past is the people who responded to your posts fault? What part of “Fleming Sucks” and “this company has gone down the shitter the last 3 years” has caught you off guard?

 

[anonymous]

It’s about patients. Stop giving on personal gain and being selfish and greedy!!!!

I believe the Ol’ Master Phelgm and his ‘band of misfits’ are the “Masters of Selfish and Greedy”.

Nothing wrong with the people who built this company from the beginning to receive a small token of credit for building this once Shire Empire. That is, before it was simply demolished by Phelgm, Perry, KK, MR, KC.

 

[anonymous]

I believe the Ol’ Master Phelgm and his ‘band of misfits’ are the “Masters of Selfish and Greedy”.

Nothing wrong with the people who built this company from the beginning to receive a small token of credit for building this once Shire Empire. That is, before it was simply demolished by Phelgm, Perry, KK, MR, KC.

The people who built this country were told to “get over it” and didn’t get shit. You don’t deserve a damn thing

 

[anonymous]

What does that mean, “and Takeda have the generousity to offer to continue this for two years post closing!” ?

 

[anonymous]

The people who built this country were told to “get over it” and didn’t get shit. You don’t deserve a damn thing

You don’t deserve any respect; however, you send a message to the managers telling their teams to make some noise when you get on stage at the NSM.

Hmmmm. Guess you don’t deserve a damn thing either?

 

[anonymous]

Forget severance
keep working hard for Flemming
its your moral obligation-he has do so much for us and I am sure he will take care of all of us when the deal is finalized

 

[anonymous]

Perry does not give a shit about the sales force. three weeks x the years.

 

[anonymous]

I would not be concerned with severance. Be looking out for the plans that are beginning to fly. Shire is looking to pay the least amount possible in severance.

 

[anonymous]

That’s for sure. Baxalta leadership negotiated 2 years retention bonus when we were bought by shire. Seeing that perry/Flemming only care about themselves, this wont be happening this time.