Some business reporter brought up this topic this week....on VW and the impending cut of 100,000 potential employees.
Generally, the law says.....you need to compensate let-go folks....one month of pay....for each year you employed them.
Well...the journalists did a analysis....if you were a university engineer grad....cut....with 25 years of service (figure you are nearing 50 years old). Ballpark pay-off? Nearing 150,000 Euro in pay.
Just a assembly-guy....nearing 12 years? Around 54,000 in pay-out.
The thing you wonder about....this effort to downsize...if it increases the downward spiral of profitability.
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