Business .... Firing and severance throughout the world | FerrariChat
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Business .... Firing and severance throughout the world

Discussion in 'Other Off Topic Forum' started by LetsJet, Jan 31, 2007.

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  1. LetsJet

    LetsJet F1 Veteran
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    #1 LetsJet, Jan 31, 2007
    I didn't place this in the Biz. section because I was hoping for broader responses.

    I was reading an Inc. Magazine article and it mentioned countries requirements for severnance, etc..... and I was stunned.

    I'd like to learn more about what diff. countries require.

    For example,

    Country ............Weeks of wages req. for sev.

    USA..................0
    Mexico..............75
    UK....................32
    Canada.............28
    Brazil................165!!

    I'm in the US, so I don't understand how this works. Anyone from other countries want to explain?
     
  2. Fastviper

    Fastviper F1 Rookie

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    #2 Fastviper, Jan 31, 2007
    That comes out to $12US!
     
  3. LetsJet

    LetsJet F1 Veteran
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    #3 LetsJet, Jan 31, 2007
    No, it's over a year of pay.......

    Not dollars.... weeks
     
  4. Fastviper

    Fastviper F1 Rookie

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    #4 Fastviper, Jan 31, 2007
    It was a joke!
     
  5. LetsJet

    LetsJet F1 Veteran
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    #5 LetsJet, Feb 1, 2007
    No one from another country wants to explain their sererance requirements?
     
  6. heckler40

    heckler40 Karting

    Apr 18, 2006
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    #6 heckler40, Feb 1, 2007
    Is that table the amount of weeks you must work to receive severance or the amount of weeks of severance pay you get when you are axed?
     
  7. LetsJet

    LetsJet F1 Veteran
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    #7 LetsJet, Feb 1, 2007
    As I understand it, it is the amount of weeks of severance pay you get when axed.

    That is why I'm asking for clarification.
     
  8. Tyler

    Tyler F1 Rookie

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    #8 Tyler, Feb 1, 2007

    No kidding! That's insane. What business could support that? How does a company survive a downturn?

    I guess you could set up two companies?

    Company 1: The business that actually cash flows and has real assets.
    Company 2: A paper company with zero assets that all your employees technically work for. Contract labor to company 1 and if you need to lay off, just lay to waste comany 2...rinse and repeat.

    I can't believe those figures are accurate, there's got to be more to it.
     

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