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Bank’s severance deal requires IT workers to be on call for two years
Computerworld ^
| 19 October 2015
| Patrick Thibodeau
Posted on 10/22/2015 7:08:16 PM PDT by Lorianne
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To: PAR35
For a period of two (2) years following the end of my employment with SunTrust, I agree to provide assistance and to make myself reasonably available to SunTrust regarding matters in which I have been involved in the course my employment with SunTrust and/or about which I have knowledge as a result of my employment with SunTrust. It is understood and agreed that such assistance, to the extent possible, will be requested at such times and in such a manner so as to not unreasonably interfere with my subsequent employment. Such assistance may include, but is not limited to, telephone or in-person meetings with SunTrust employees, attorneys and/or accountants, or the provision of truthful testimony by way of deposition, hearing, trial, interview, subpoena response or affidavit. SunTrust will be responsible for any reasonable and necessary expenses incurred by me and approved by SunTrust in connection with such services. I understand that I will not be entitled to any additional consideration or compensation of any kind from SunTrust in exchange for such assistance.
Oh, that's what it is. Not on-call tech service but to provide depos and testimony in legal proceedings.
That actually is both reasonable and common. At least for higher-level managers and executives. The only unusual thing I see here is that it's being pushed down to a lower level than you'd normally see.
To: a fool in paradise
Or maybe something like this. You got the package and your new job is in a different state. Do they know where you live or how to contact you?
To: a fool in paradise
43
posted on
10/22/2015 7:43:19 PM PDT
by
mylife
To: Lorianne
Why did they agree to it? You take the Devil’s money, you play the Devil’s tune.
44
posted on
10/22/2015 7:44:28 PM PDT
by
IronJack
To: tanknetter
And to add, this is probably being pushed lower due to all the lawsuits over technology implementation and subsequent problems.
So, in other words, SunTrust’s online banking system gets hacked and there’s a major privacy spill ... the tech guys who built the system (particularly the security modules) agree to come back to provide testimony when the inevitable class-action suits start hitting.
To: Snickering Hound
That’s what I was thinking!
46
posted on
10/22/2015 7:46:53 PM PDT
by
Lorianne
To: mylife
It’s happening in almost every public company as they try to please Wall Street’s insatiable need for earnings growth every year. Some on my team are training offshore replacements this month. I work for a large publicly held company. Conditions for the workers are slave-like in India compared to the U.S. It seems globally unethical to me. Also the savings promised by the outsourcing management firm are not going to happen. They promised the world to some high level execs. Service and internal controls will suffer, and onshore folks are going to have to work ridiculously long hours. Our severance package is similar to SunTrust’s without the 2-year on call clause.
To: Lorianne
This sort of garbage will have to be made illegal or it will grow and grow. We have a population of about 310 million and the nations US companies are outsourcing to have populations of at least 2 - 3 billion. Every job in American that doesn’t absolutely have to be performed here will eventually be shipped out to some cheap labor nation.
And that will be jobs at every skill and education level.
48
posted on
10/22/2015 7:50:36 PM PDT
by
Will88
To: OrangeDaisy
This economy sucks ***
Less doing more for less.
49
posted on
10/22/2015 7:50:51 PM PDT
by
mylife
To: PAR35
Sign it. Get the money. Then ignore. Press 3 for American.
50
posted on
10/22/2015 7:51:41 PM PDT
by
samadams2000
(Someone important make......The Call!)
To: Lorianne
I have a Sun Trust account.
I think I'll do my banking elsewhere.
51
posted on
10/22/2015 7:52:30 PM PDT
by
StormEye
To: samadams2000
Still a hard pill to swallow.
52
posted on
10/22/2015 7:54:40 PM PDT
by
mylife
To: Lorianne
I know IT people. I would not seek their technical advice after screwing them over. That would be very very foolish. Hahahahaha!
53
posted on
10/22/2015 7:58:16 PM PDT
by
FreeInWV
To: Lorianne
Doesn’t pass the smell test, no bank would let former IT employees anywhere near their systems again, if these guys were as important as they claim there is no way they would have been given 2 months notice and allowed to work. Actually important IT people with access to key systems are walked out immediately and never allowed to touch anything.
54
posted on
10/22/2015 8:01:53 PM PDT
by
battousai
(Shrillary for Jail 2016)
To: Lorianne
So tell the you’ll do it, cash the check, then when they call, give bad advice. They can’t call you on it, because you’re the expert they wanted. You either get revenge or get left alone.
55
posted on
10/22/2015 8:07:29 PM PDT
by
Still Thinking
(Freedom is NOT a loophole!)
To: Lorianne
Those Dems will surely take a stand against this since they say they’re for the worker/s
56
posted on
10/22/2015 8:10:56 PM PDT
by
RginTN
To: battousai
The smart thing to do would be to make sure all,passwords are changed and have Oracle or whoever handles their data systems to have their security guys scour it thoroughly looking for back doors etc after escorting them out the door.
But whoever came up with this scheme apparently isn’t very smart.
To: Lorianne
Where “offshore”? Mumbai? Tonga? what the hell, can’t they maintain bank records stateside?
58
posted on
10/22/2015 8:15:16 PM PDT
by
John S Mosby
(Sic Semper Tyrannis)
To: Lorianne; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...
SunTrust Banks in Atlanta is laying off about 100 IT employees as it moves work offshore. But this layoff is unusual for what the employer is asking of its soon-to-be displaced workers: SunTrust's severance agreement requires terminated employees to remain available for two years to provide help if needed, including in-person assistance, and to do so without compensation.DIE, CORPORATE SCUM!
Combined PING! and DANG!
59
posted on
10/22/2015 8:19:13 PM PDT
by
Tolerance Sucks Rocks
(Democrats and GOP-e: a difference of degree, not philosophy)
To: Lorianne
We used to call that indentured servitude.........
60
posted on
10/22/2015 8:23:30 PM PDT
by
Red Badger
(READ MY LIPS: NO MORE BUSHES!...............)
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