Many companies want to part with employees in order to save costs.
But that is often not possible without severance payments.
What employees can expect.
Frankfurt - Up to 10,000 at Commerzbank and 18,000 positions at Deutsche Bank - many companies are currently shedding thousands of employees.
In order to drive the downsizing, some companies lure with lucrative severance payments.
The offers from companies could be particularly promising for older employees.
Severance payments: Many industries want to promote job cuts with high severance payments
As the
FAZ
reports, it should be possible in future for Commerzbank employees to retire at just 55 years of age with a high severance payment.
The bank would pay EUR 139,000 for each partial retirement contract.
The sale of parts of the business and the voluntary departure of employees are, in addition to partial retirement, a popular means by companies to push ahead with job cuts.
Haribo is also cutting jobs after the closure of a plant in Wilkau-Haßlau in East Germany.
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wants to have learned, each of the employees should receive a severance payment.
This should amount to an average of between 35,000 and 50,000 euros.
But employees who have been with the company for 22 years can even expect a sum of 130,000 euros.
Surrender: The automotive industry is cutting staff - also because of Corona
"Severance programs and downsizing have moved into the focus of companies because of Corona," says Inga Dransfeld-Haase, President of the Federal Association of Personnel Managers (BPM) in an interview with the
FAZ
.
According to a study by the association, the topics of outsourcing and downsizing are currently in vogue in many companies.
In addition, in industries such as the automotive industry, there is a structural change that is being accelerated by Corona *.
Indeed, some companies seem to be pushing staff out.
Daimler, for example, is currently informing its employees about the severance payment in an information brochure of almost 30 pages.
Those who make a quick decision even have the prospect of a “turbo bonus”.
This would mean that a 45-year-old employee with a gross salary of 65,000 euros would get a minimum amount of 215,000 euros.
According to the group, 1,100 employees have already decided to leave the company voluntarily.
Many companies rely on these volunteer programs to stimulate restructuring processes.
But in doing so, the companies run the risk of losing valuable know-how.
Severance payments in Germany: How to calculate the severance payment amount
There is a simple rule of thumb to calculate the severance payment: Half a gross monthly salary times the length of service in years.
However, in order to avoid astronomically high sums, there is often an upper limit for the payments.
However, the severance payments for board positions and top positions are often beyond the imagination of a normal wage earner.
For example, the former co-head of SAP, Jennifer Morgan, received a severance payment of $ 15 million after just six months.
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