Posted on 10/22/2015 7:08:16 PM PDT by Lorianne
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.
Many of the affected IT employees, who are now training their replacements, have years of experience and provide the highest levels of technical support. The proof of their ability may be in the severance requirement, which gives the bank a way to tap their expertise long after their departure.
The bank's severance deal includes a "continuing cooperation" clause for a period of two years, where the employee agrees to "make myself reasonably available" to SunTrust "regarding matters in which I have been involved in the course of my employment with SunTrust and/or about which I have knowledge as a result of my employment at SunTrust."
The employees were informed of their layoff at the end of September, and the last day of work for some is Nov. 1. This is according to several of the affected employees, who requested anonymity for fear of retaliation.
(Excerpt) Read more at computerworld.com ...
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?
Tell them to go to Hell.
Why did they agree to it? You take the Devil’s money, you play the Devil’s tune.
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.
That’s what I was thinking!
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.
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.
This economy sucks ***
Less doing more for less.
Sign it. Get the money. Then ignore. Press 3 for American.
Still a hard pill to swallow.
I know IT people. I would not seek their technical advice after screwing them over. That would be very very foolish. Hahahahaha!
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.
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.
Those Dems will surely take a stand against this since they say they’re for the worker/s
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.
Where “offshore”? Mumbai? Tonga? what the hell, can’t they maintain bank records stateside?
DIE, CORPORATE SCUM!
Combined PING! and DANG!
We used to call that indentured servitude.........
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