Sentence examples for high severance from inspiring English sources
Mr. Basri said that legally mandated high severance payments were another deterrent to investment.
AND don't forget that executives' pensions are often based on the unusually high severance pay, which ratchets the numbers way up.
"I would assume the second quarter will also be a bit ugly" because of issues like high severance costs, she said, "but you get the feeling they are trying to turn this around".
For instance, a factory manager who was dismissed recently by a major beer manufacturer persuaded his employer to pay him an unusually high severance package, in part because he had all of his performance reviews, which had raved about his work.
It is likely that this is the case because of the high severance payments that they have acquired during their lifetime.
Other factors included higher severance payments, changes in accounting for options, and more conservative assumptions related to the company's pension plan.
But in clinching the $65.5 billion deal, they may have also inherited a headache -- the distinction of paying out some of the highest severance packages awarded in Europe in recent years.
After price cuts by competitors, Mr. Virosque's company reduced charges for storage and transportation, and slashed its work force to about 170, from 250. "The worst thing is that we have to cut the young people," he said, because higher severance makes it too expensive to fire older workers.
While the reform pushed through Parliament in September is intended to make it easier for employers to lay off workers, the O.E.C.D. said that "the law still leaves much room for judicial interpretation, so that it is not clear to what extent the legislation will change the practice whereby firms prefer to pay upfront the highest severance payment in order to avoid going to court".
Interpublic posted a quarterly net loss because of higher severance costs.
In Spain, from 2015 onwards, temporary workers receive a higher severance pay at the end of their contract.
