Thread regarding Monsanto Co. layoffs

Monsanto Severance Package

Does anyone know what kind of severance package we will be getting? I think it's been a while since Monsanto has had layoffs so I am not sure if they were changing policies on Severance Pay. I joined in 2012 but I heard that during the downturn the company had to let some people go but severance payments were pretty solid - not sure if this right or wrong but that's what I heard.

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bumping this thread up... we'll need it soon...

#Severance

Monsanto Severance Package

Does anyone know what kind of severance package we will be getting? I think it's been a while since Monsanto has had layoffs so I am not sure if they were changing policies on Severance Pay. I joined in 2012 but I heard that during the downturn the company had to let some people go but severance payments were pretty solid - not sure if this right or wrong but that's what I heard.

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Every employee eliminated received a competitive severance package, including a cash payment ranging from 6 to 15 months of pay based on years of service as well as base pay and average annual incentives paid

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It should be on myHR for US employees- try searching for separation plan under the Benefits tab.

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"Old mon employee" - thanks, this helps, I will post more if I find out

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Each 10k you earn equals one week of severance plus each year you worked for the company equals one week of severance. If you made 80k per year and worked at mon for 10 years you would get 10 weeks plus 8 weeks so a total of 18 weeks severance.

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