(Amtrak's veteran workers receive up to five full years of severance pay if their routes are shut down).
Depending on how long they have been employed, they are entitled to up to two-and-a-half years of severance.
The proposal would kill off a plan by Vote Leave's campaign director, Dominic Cummings, arguing that a second referendum could be held after two years of severance negotiations if the UK were to vote to leave.
Under the circumstances, automation would appear to be a no-brainer -- except that their governments, in effect, discourage it with various restrictions on replacing workers with machines, including years of mandatory severance pay in some cases.
When he leaves, Mr. Hayward, 53, will get one year of salary as severance, or about $1.6 million.
When he leaves, Mr. Hayward, 53, is entitled to one year of salary as severance, worth a little more than £1 million, or about $1.6 million.
But after business creditors were dealt with, Spanish social security pursued him for five more years to extract repayment of severance money it had paid to the firm's employees on his behalf.
The new rules also facilitate layoffs for companies in financial trouble, allowing employers who can show three consecutive quarters of losses to pay only 20 days of severance per year of employment.
But the company, which also owns HBO and the Warner Brothers movie studios, lowered its full-year operating profit outlook because of severance charges at its Time Inc. publishing unit and reorganization charges at New Line Cinema.
Workers, 41 and up, get a week of severance for every year worked.
