Thread regarding Weatherford International Ltd. layoffs


The list is back....weatherford.com/owbpa *** The password is OWBPA

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I found the list. Can anyone explain to me what the different numbers mean? I saw numbers (1-4) in the ineligible column. What do the different numbers mean?

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so how do you know that you are being cut? what is the code?

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OWBPA

If you are age 40 or over or work in West Virginia, applicable law requires the Company to provide you information about this employment termination program. The Company is providing you with information showing the number of employees who are eligible and ineligible for the benefits described in the General Release, by age and job title. Employees are "eligible" for the employment termination program because the Company selected them for termination and because they are eligible for offered exit benefits. Employees listed as "ineligible" are ineligible either because they will not be terminated, or because they are not eligible otherwise for the benefits of this program. The footnotes/asterisks indicate the reasons that certain individuals are not otherwise eligible for the benefits of this program as well as other information. This decisional unit for this employment termination program is your Area Group. The Company selected employees for termination based on job elimination, performance, and job skills. The Company is providing information to you regarding the class, unit, or group considered in the selection decision for the employment termination program applicable to you, as well as information regarding other classes, units, or groups similarly evaluated by higher or comparable levels of management. The Company also is providing you with information about involuntary phases for this employment termination program designated as "Feb", "Mar" and “Apr” and the Voluntary Separation Opportunity (VSO) that the Company offered.

Employees are eligible for severance pay and paid medical benefits as set forth in the documentation provided with this General Release. Employees selected for the involuntary employment termination program have 45 days to consider the General Release before signing and 7 days (15 in Minnesota) to revoke after signing. Employees eligible for the VSO had 17 days to decide to volunteer, and the Company notified volunteers whether they were accepted for the program 7 days after the end of the application period. Employees accepted into the VSO have 45 days from the date they first received the General Release to sign and return the General Release and 7 days (15 in Minnesota) to revoke after signing. Employees may retract participation in the VSO until the effective date of the General Release as those terms is stated in the revocation section of the General Release. Individuals who had been eligible for the VSO program, which did not volunteer, and were selected in Mar of the involuntary program, will be offered the benefits available under the VSO. The time limits for accepting those benefits are the same for those terminated involuntarily in Mar. THEN YOU SCROLL DOWN FOR THE LIST! :)

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