is offering up to 10 years of free flight benefits for management and support employees who quit ahead of layoffs, according to a memo seen by Business Insider.
The offers come on the heels of a similar offer from United Airlines, and as US airline workers brace for layoffs that are expected to be severe later this fall. Employees must apply for the programs by June 10, and would be eligible to be rehired at a later point, a spokesperson for the airline confirmed to Business Insider.
Under the pay focused scheme, employees will work through late June or July, but will earn 33% of their base pay through December 31, 2020. They would keep their employer-subsidized health insurance through the end of the year, and be eligible for COBRA after that. Employees who do not apply for the programs and who are laid off will be paid through September 30 but will not receive severance. They will also receive one year of D2R travel benefits.
Corporations can easily weasel out of these through restructuring or some other merger game.
If retirement age, take the deal!
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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Source: BusinessInsider - 🏆 729. / 51 Read more »