1 post tagged “severence”

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Originally uploaded by DotComet

Well yesterday was a little hectic. Started off my car was acting a little weird. But seemed to be ok after that....I get to work and see that I have a meeting scheduled for 8:30 am. The weird thing about it was that only my team and a few other people were involved.

We all hed speculated that yesterday was going to be our last day of work, being that we were being laid off. A little info...I work(ed) for World Savings, which was, by far, the best company I had ever worked for. Recently they were bought out by Wachovia, which is not so good, but still offered a decent paycheck.

well for some time, there have been rumors that were were going to be displaced. While most people would have been worried about being out of a job, most of us were looking to the layoff with subtle anticipation.

World Savings prior owners, Herb and Marion Sandler, were very generous and truly cared about the company and their employees. When notice of the sale of World Savings to Wachovia, the Sandlers included a large sum of money to enhance the severence package for every world legacy employee that gets laid off. Meaning if I was there 1 week or 6 years, I received a 6 months severence package instead of the 1 1/2 month package offered by Wachovia.

It doesn't end there. Since my official end date is November 19, 2007, I am getting my benefits and pay until that day, yet I no longer have to report to work. This is giving me about 8 months to take care of some personal projects that I really want to take care of.

I have plenty of plans for my future life outside of Wachovia and now I have plenty of time to work on them. Thanks Wachovia.