What exactly is the separation package?


Anonymous

Guest
As a former GW employee, I just had to ask, are they offering you guys any type of separation package?

I wish you all except, the management people, all the best and the best of luck in finding new employment.

Regards,
 


18 months full pay and double our average bonus from Q2 2011 per quarter. Full use of company car then we get to keep it at the end of the 18 months. Full benefits at no out of pocket costs to employees. Outplacement service or 10K whichever we prefer. All severance is paid in one lump sum at close of sale. Oh....and we all get trophies too! Should have stayed!
 


18 months full pay and double our average bonus from Q2 2011 per quarter. Full use of company car then we get to keep it at the end of the 18 months. Full benefits at no out of pocket costs to employees. Outplacement service or 10K whichever we prefer. All severance is paid in one lump sum at close of sale. Oh....and we all get trophies too! Should have stayed!

I heard it was 24 months plus a new house in Hawaii.
 










As funny as all those previous post are, the reality is nothing has been offered. From what I understand is that GW is under no obligation to offer anything as they have declared bankruptcy. The only thing they had to do is announce it in a timely fashion and they can't close the doors the day after an announcement. My friend who works in the corporate finance world said that our bonuses will not be paid out because that is not salary and bonuses, commssions, anything above our pay is property of the banks.
 


As funny as all those previous post are, the reality is nothing has been offered. From what I understand is that GW is under no obligation to offer anything as they have declared bankruptcy. The only thing they had to do is announce it in a timely fashion and they can't close the doors the day after an announcement. My friend who works in the corporate finance world said that our bonuses will not be paid out because that is not salary and bonuses, commssions, anything above our pay is property of the banks.

Oh, perfect! We get it in the behind without even the benefit of KY? I have another offer that I was putting on hold in hopes of getting my bonus. I was not this stupid before coming to Graceway, but being hit in the head so often has taken its toll. I'm outta here. Adios!
 


As funny as all those previous post are, the reality is nothing has been offered. From what I understand is that GW is under no obligation to offer anything as they have declared bankruptcy. The only thing they had to do is announce it in a timely fashion and they can't close the doors the day after an announcement. My friend who works in the corporate finance world said that our bonuses will not be paid out because that is not salary and bonuses, commssions, anything above our pay is property of the banks.

Of course when banks go belly up the principals in those organizations still get their bonuses. No wonder OWS exists!
 


The above post is mostly true but damn dude or dudette, you need to learn how to write. The other possibility is that if the buyer wants to keep the sales force happy they could agree to pay our bonuses as a gesture of goodwill. If we see this not happening, it's a pretty good bet they will not be keeping us.
 




We never got quotas on time before why would we now? And why would anyone give two weeks at Graceway? I am taking my offer and starting ASAP. Graceway can pick up my car and stop paying me when they figure it out I am no longer there!
 


We never got quotas on time before why would we now? And why would anyone give two weeks at Graceway? I am taking my offer and starting ASAP. Graceway can pick up my car and stop paying me when they figure it out I am no longer there!

If it's up to Detective Vanarsdalen to figure it out, you'll be safe until the ship has completely sunk
 








If it's up to Detective Vanarsdalen to figure it out, you'll be safe until the ship has completely sunk

He's still at Graceway....OMG THAT IS EFFING CLASSIC!, Talk about a guy who thought he knew everything, and didn't know crap. Congrats D, it couldn't have happened to a more deserving man. I would have thought all the good old boys jumped ship along time ago. The rats are always the first to leave a sinking ship.
 


Lisa M is a f'n SVP? She's a secretary!!! EVP??? Just in case any one was left wondering why Bristol ruined this company, that is a perfect example of why we are all out of work. L Meadows is a SENIOR VICE PRESIDENT!!?? What a complete injustice in this hideous cluster f of a company.
 


Lisa M is a f'n SVP? She's a secretary!!! EVP??? Just in case any one was left wondering why Bristol ruined this company, that is a perfect example of why we are all out of work. L Meadows is a SENIOR VICE PRESIDENT!!?? What a complete injustice in this hideous cluster f of a company.

so much for no 'bumping'. Do as I say, not as I do.
 



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