Wednesday, May 21, 2014
I wanted to briefly highlight a recent news story which I saw from Bloomberg and Business Week. The story focuses on recent changes at IBM as to the disclosures that are being given to workers after discharge. In particular, the article notes that workers over 40 subject to termination are no longer being informed of the ages and job titles of other workers that are similarly being discharged.
The company is offering arbitration to these workers as a way of circumventing the disclosure requirement. It is an interesting change from a corporation that is often seen as a leader in employment – type benefits. It may also signal a change in the way that other corporations handle severance packages and agreements.