Coronavirus

The LCA Handbook states that when laid off, the severance package includes a weeks pay for each year worked at your current rate of pay.So if, for example, you have been employed for 10 years and make $1,500 per week, your will get $15,000 as part of your severance package. Also, whatever PTO or vacation time you have will be monetized in addition to your severance pay.

Hope that helps.

 

Really? Why would LabCorp need to lay-off for a temporary crisis? Isn’t employee retention the reason for all of these $trillions of government aid to corporations in the first place? Besides, as Vice President Pence made known recently, LabCorp and Quest were handed the Covid-19 testing contracts for the whole USA, and that is huge. LCA can hardly get more frugal than it already is, but I am sure that it will find ways. At employee expense, I might add.

 

Everything looks good except for the PTO. It’s PLB at LabCorp.