Severance from Valeant

Discussion in 'Biovail' started by Anonymous, Apr 1, 2011 at 5:00 PM.

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  1. Anonymous

    Anonymous Guest

    Serious question, what was the severance due to merger with Valeant?
     

  2. Anonymous

    Anonymous Guest

    Depends on years service,position, age etc. I have heard not bad but am about to find out.
     
  3. Anonymous

    Anonymous Guest

    3 weeks per year served, minimum of 3 months
     
  4. Anonymous

    Anonymous Guest

    I heard that the severance package was downgraded.

    Two weeks per year up to 3 years, then 2 months firm after that no matter how many years, unless you have a contract that states otherwise.
     
  5. Anonymous

    Anonymous Guest

    Do you mean 2 weeks per year plus 2 months? Thanks for the info.
     
  6. Anonymous

    Anonymous Guest

    It sounds like if you have more than 3 years in- the max payout is 6 weeks plus 2 months (I hope I've misunderstood b/c that SUCKS!!)
     
  7. Anonymous

    Anonymous Guest

    That literally is the shittiest severance I've heard of in this industry. I'm not calling you a liar, but I will believe it when I see it.
     
  8. Anonymous

    Anonymous Guest

    Pearson's claim to fame is cost cutting - and what better way to cut costs (after identifying "synergies" a.k.a. redundant positions/employees) when doing an acquisition than a shitty severance?