Optional Severance?





























I didn’t type this, but now we have no incured vacation time. So if they do lay off they don’t have to pay for any unused vacation days.

The fact that you see vacation days as something to not use and then later get paid out is the problem. The point is for people to take vacations. Maybe now that there won't be any incentive to save up unused vacation days for a pay out, more people will just take vacation.
 




Explain poster. More layoffs are now on table after that vacation policy? Just want your rationale?

I'm not the poster, but that is immediately what I thought when I saw the actual policy. I asked my spouse to read it, who is not in pharma but in another big corporate sector, their response was they thought they were either trying to get out of paying PTO to employees they just cut or they were doing this for the next round of layoffs. The last day of employment for those who were laid off was not Dec 31st, but in January after this policy took place, no?

I am all ears for another explanation, is that how they do it in Denmark? If so then I will stand corrected.
 








I'm not the poster, but that is immediately what I thought when I saw the actual policy. I asked my spouse to read it, who is not in pharma but in another big corporate sector, their response was they thought they were either trying to get out of paying PTO to employees they just cut or they were doing this for the next round of layoffs. The last day of employment for those who were laid off was not Dec 31st, but in January after this policy took place, no?

I am all ears for another explanation, is that how they do it in Denmark? If so then I will stand corrected.

Socialized medicine in Denmark? Universal Income? Just wondering.
 








I am a displaced employee and I, in fact, did get paid for my 5 days of carryover. When I heard of this policy, my immediate thought was that they are trying to save on paying out unused vacation for the next round of victims.
 




Say it isn’t so?? I’m sure Novo did it so that you could take as much vacation as you wanted?!!!

Seriously people, do you think for a minute that the company would do it for any other reason than financial gain?