Parexel and Severance

Discussion in 'GlaxoSmithKline' started by Anonymous, Dec 4, 2014 at 5:31 PM.

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  1. Anonymous

    Anonymous Guest

    Can anyone confirm that if you are 1) offered a position with Parexel and decline you forfeit your GSK severance? and 2) offered a position with Parexel and accept you DO NOT receive your GSK severance?
     

  2. Anonymous

    Anonymous Guest

    That's correct.
     
  3. Anonymous

    Anonymous Guest

    Sorry, but of course if you declined an offer, there would be no gsk severance. You've been offered a job and did not take it, so you are not being fired, but have decide to leave on your own. Nice trick, eh?
     
  4. Anonymous

    Anonymous Guest

    Unbelievable. So the severance policy means absolutely nothing.
     
  5. Anonymous

    Anonymous Guest

    Does this affect retirement as well? A very high percentage qualify for the "75 years" criterion.
     
  6. Anonymous

    Anonymous Guest

    All people offered Parexel positions are guaranteed 6 months employment and will be salaried at current GSK rate. If Parexel terminates you within 2 years you will receive GSK severance package. Your GSK salary rate is guaranteed for the first year. Also, retirement eligibility is frozen at the time of transition to Parexel. if you are under the 75 points - you are SOL.
     
  7. Anonymous

    Anonymous Guest

    Looks like the smart employee will accept the new position and then become a POS and make them severe you. Be sure to contact the EEOC.
     
  8. Anonymous

    Anonymous Guest

    The additional perks:
    -No stock grants
    -No retiree medical
    -No raise for 2015
    -Reduced bonus after 2015
    -Reduced retirement contributions
    -Half as many paid holidays
    -Probably also have less vacation days, longer working hours, and a miserable job.

    All for doing the same job! What a deal.
     
  9. Anonymous

    Anonymous Guest

    Sounds like a temporary contract to bring compounds discovered by people who have been eliminated to market in order to benefit those who eliminated jobs
     
  10. Anonymous

    Anonymous Guest

    How can GSK get away with making 450 pple take parexel job or nothing. Considering years of service some have put it they are forcing pple to take jobs that they don't want with this company. Why not give them a choice! Is this legal, can they do this?? Just to screw hard working loyal employees who have been there over 20+ years out of their severances?? It's not like going from a pharm company to another pharm company. These jobs are going to a cro company. What benefits does parexel have in taking 450 pissed off GSK employees?
     
  11. Anonymous

    Anonymous Guest

    Legal? I don't know, but if it is legal anywhere, NC would be that place.
     
  12. Anonymous

    Anonymous Guest

    Welcome to the CRO World!
     
  13. Anonymous

    Anonymous Guest

    What about those lucky enough to have stock grants in the middle of vesting? Are those lost? or do they vest and received as normal ?
     
  14. Anonymous

    Anonymous Guest

    I bet stocks not vested will either be forfeited or pro-rated.
     
  15. Anonymous

    Anonymous Guest

    It is legal. In the UK it wouldn`t be since if an employee is transferred to a different employer the terms and conditions stay the same. Welcome to the US and those complaining shouldn`t vote for the GOP who facilitate this.

    The loss of stock, bonus, vacation etc will be a big hit for the higher grade levels particularly.
     
  16. Anonymous

    Anonymous Guest

    Your EEOC lines are so old, they are growing mold, crybaby.
     
  17. Anonymous

    Anonymous Guest

    Is it true that now if you DON'T take the Parexel offer you DO get the GSK severance package?
     
  18. Anonymous

    Anonymous Guest

    No, that's absolutely not true. No severance if you decline Parexel job.
     
  19. Anonymous

    Anonymous Guest

    be darned if you do and be darned if you don't !