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  #1  
Unread January 22nd, 2011, 10:08 AM
bbv123456 bbv123456 is offline
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severance packages for SM's

does anyone know what kind of package(if any) they are offering the SM's? i can't get any info out of my DM.
  #2  
Unread January 26th, 2011, 04:06 AM
officiallyconfused officiallyconfused is offline
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I was told once they filed bankruptcy it ceased all severances.
Which is totally legal under Chapt 11 code
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  #3  
Unread January 27th, 2011, 01:30 PM
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how many hours/how long your with the company for.
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Unread January 27th, 2011, 01:47 PM
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You get a free pickle............
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  #5  
Unread January 27th, 2011, 02:21 PM
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You get to not work for Blockbuster anymore. Sounds like a good enough severance package to me...
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  #6  
Unread January 27th, 2011, 03:38 PM
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Quote:
Originally Posted by officiallyconfused View Post
I was told once they filed bankruptcy it ceased all severances.
Which is totally legal under Chapt 11 code
This isnt true.

At this time they are continuing with the normal severance package only available for SM and above.

Payed out for any vacation owed and then 2 weeks severance for every year work up to a maximum of 26 weeks pay.

You will continue to be paid bi-weekly until your severance runs out. If BBV were to go out of business then yes you could lose any severance left owed. Its better to get severenced out now than later.
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  #7  
Unread January 27th, 2011, 04:58 PM
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i don't think any are being offered any more since the CH.11 Your DM will try and make you feel special with the whole "were going to find you another store", then of course they wont. Then you will most likely be let go after the "effort" from you DM.
  #8  
Unread January 27th, 2011, 06:27 PM
Spohiesmom2008 Spohiesmom2008 is offline
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Severance still being paid myself and a friend of mine both at closing stores. We were told the 2 weeks for every year max 6 months and any PTO accumulated plus any carry over you had.
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  #9  
Unread January 28th, 2011, 04:34 PM
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i can confirm that severance packages are being paid out to FULL TIME employees only.
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  #10  
Unread January 28th, 2011, 05:13 PM
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Quote:
Originally Posted by almondSM View Post
i can confirm that severance packages are being paid out to FULL TIME employees only.
This confirms what I was told also!


 

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