Bank's Severance Deal Requires IT Workers To Be Available For Two Years (computerworld.com)

dcblogs points out this story at Computerworld about a severance agreement that requires laid-off IT employees to be available to help out for two years. The article reads in part: "SunTrust Banks in Atlanta is laying off about 100 IT workers as it moves work offshore. But this layoff is unusual for what it is asking of the soon-to-be displaced workers: The bank's severance agreement requires terminated employees to remain available for two years to provide help if needed, including in-person assistance, and to do so without compensation. Many of the affected IT employees, who are now training their replacements, have years of experience and provide the highest levels of technical support. The proof of their ability may be in the severance requirement, which gives the bank a way to tap their expertise long after their departure. The bank's severance includes a 'continuing cooperation' clause for a period of two years, where the employee agrees to 'make myself reasonably available' to SunTrust 'regarding matters in which I have been involved in the course of my employment with SunTrust and/or about which I have knowledge as a result of my employment at SunTrust.'"

Comments

Re:one word

[Anonymous Coward]

They're mostly legal in the US. A few states have cracked down on some of them, and California in particular has cracked down on most of them. But the vast majority of the time, these kinds of bullshit tactics are perfectly legal in the US.

Of course, there's nothing like a little subterfuge and counter-marketing to make it clear that it's a bad idea from a business perspective. Running ads in every SunTrust market stating that their infrastructure is likely to fall into disarray and become less secure and that you should move your business (and your money) elsewhere would work wonders against this sort of bullshit. The main site for SunTrust Bank is suntrust.com. As I write this, both suntrustbanks.com and suntrustbank.com are wide open. A smear page on a legit-looking domain that explained how they shipped all of their critical electronic operations to BFE could destroy that company at this point.

Just sayin'. *wink* *nudge*

To piss off 100+ tech workers and demand this sort of severance ultimatum and leave possible alternate domains open for a smear campaign might as well be called "attempted corporate suicide".

Get ready for it.

[Anonymous Coward]

1: Suntrust is deeply, deeply underwater. Texas Ratio of 17+. That means if they went under right now, their creditors, including depositors, would get 5 cents on the dollar. This is a company deeply affected by the subprime mortgage racket, literally they paid a billion bucks to the justice department to settle foreclosing on people's homes they didn't own or have titles to. It is a company that needs to fail and it's current and previous management needs to be imprisoned.
http://www.bankregdata.com/allAQmet.asp?met=TXR
http://dealbook.nytimes.com/2014/06/17/suntrust-settles-with-justice-dept-over-mortgages-talks-continue-for-citigroup-and-bank-of-america/?_r=0

2: This is not just a desperation move, it's almost certainly a move made by an Indian manager, coming from India, where there are no worker protections, and this kind of deal is going to result in a huge class-action lawsuit after a few months or so of "on-call" support. If you are reading this and from sun-trust, call lawyers, get contacts lists NOW, and strategize to get as much money as humanly possible from these scum. Make sure to discuss pressing whatever criminal charges you can as well, make sure to muck up the case where they are assuredly mucking up black-letter FSLA laws. Make sure the world knows if you're an IT manager from Sun-trust that you cannot manage a department competently.

3: Now that I know you are off-shoring IT and are badly underwater, I also know you are probably off-shoring accounting. The problem here for the bank is when the new serfs start stealing things; there's no downside since the Indians don't go to jail since they're remote, and they have all the motive in the world. If you have stock get it out NOW!
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I signed a deal similar to this

[rickb928]

A client signed a contract for services with my employer, and included a clause that I would be available even if I left their employment, binding me to be available to provide information, specifically passwords, but also any information I 'developed, maintained' blahblahblah related to the design and administration of their systems,

And they let the contract end at the end of the first term, moving to another provider. I answered a lot of questions during and after the handover. No problem, ethical and professional behavior I would have engaged in even without a specific contractual obligation, if the former client made the request.

Then more than a year later, and after I had left that employer and moved to another state, I was contacted by the current provider. They were frantic to recover an administrator password for a server, change the technical and administrative contacts for the client's domain, and locate backup tapes for the system from a year before, did I happen to have any?

Well, sadly;

0. The current servers were all Windows Server 2003, upgrades from Server 2000. I left the system with NetWare 5.1 servers. I never knew the Windows Administrator passwords.

1. The backups they were looking for were, sadly, Windows Server backups. I didn't 'happen to have any'.

2. Very soon (days) after this call, I was contacted by an attorney explaining that they would sue me for the information. I explained as best I could what I had, and assured him that I would countersue for expenses, and that I had no useful information for them.

3. I started getting more calls from this former client begging me to relinquish the domain. I directed them to the current records, where my name and contact no longer appeared. I was powerless. They contacted my former employer, now out of business, and he thankfully dismissed them.

4. Finally I got a really official-looking letter from the attorney threatening me with all manner of unpleasantness.I am bless to have a dear friend who is an accomplished attorney, retired, and he gave it a cursory look and assured me that it was pure bluster. He even encouraged me to respond with some key phrases that would give that attorney the right way to tell their client to let up.

5. And I found that the former client somehow managed to file a professional lien against my name. I'm not a licensed professional, engineer, or bound by any fiduciary duty other than ethics and a contract that was long lapsed and had actually been fulfilled. This took three years to remove, and ultimately resulted in censure for the attorney involved, little bits of bad press for the client and their current provider, and a lot of questions from my friends, family, employer, and reporters thinking there was a story there. I tried to keep it quiet. My former employer still doesn't know, and I wouldn't bother him.

In hindsight, I should have responded to the initial requests with all the info I had, and then, if approached, refused and threatened action if they persisted in asking me questions I could not answer.

If I were in the OP's position, I would sign. It's not like they could take my severance, and goodwill is either worthless or priceless. Even if they started calling me at all hours, I can fake a disconnect and ignore their calls until the next morning.

But 2 years is a long time. 6 months is reasonable, perhaps.

Ultimately, we often have to work for real jerks. A paycheck overrules pride when you have responsibilities..