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Posted: 6/3/2003 5:58:21 AM EDT
[Last Edit: 6/3/2003 5:58:56 AM EDT by stator]
HPQ had to provide three years of annual salary for severance to employees in France. Additionally, because of French laws as well, they had to ask for volunteers. Over 30% took it and ran. For Germany, HPQ has to provide 32 months severance at full pay in addition to a severance package of one year. If the person gets a lower paying job within that timeframe, he/she gets the balance for that 32 month period. In Germany, one can extend unemployment compensation indefinitely. Talk about socialist governments (ETH is probably running over there right now). I want to know what happened to the 8 years that Clinton was in office. Was he too buys getting the interns to play his skin flute rather than to implement some labor reforms? Edited: HPQ = Hewlett-Packard Compaq
Link Posted: 6/3/2003 6:05:05 AM EDT
Labor reforms? These laws explain why Germany has a current 11.5 percent unemployment rate and a structural employment rate which is much higher. France and Germany are full of illegal immigrants because no one can afford to hire anyone legally and pay the massive benefits (most of which are taxed away--ask them what percent of that severance pay they actually get to take home). GunLvr
Link Posted: 6/3/2003 6:08:59 AM EDT
[Last Edit: 6/3/2003 6:09:51 AM EDT by DriftPunch]
Originally Posted By stator: I want to know what happened to the 8 years that Clinton was in office. Was he too buys getting the interns to play his skin flute rather than to implement some labor reforms?
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Are you implying that this is a good thing? If you are, then you have been bitten by the Socialist bug.
Link Posted: 6/3/2003 8:29:16 AM EDT
Typical socialist stupidity. It's a nice severance, but I bet they never rehire to fill that position. Generally speaking, businesses owe you nothing for severance, as most employers do not maintain a written contract with their employees. If, however, a company didn't provide some benefit, they would never attract good employees. If any labor reforms need to be made, it should be in terms of loosening restrictions on businesses and permitting them to compete in the open market.
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