Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Four Ways to Fire a Frenchman | 41 comments (41 topical, editorial, 0 hidden)
Severance details (none / 1)
Severance pay: it is one-tenth (not 1/20 as I said) of one month's salary for each year worked in the enterprise, once the employee has passed the two-year threshold.

So, for €1,000 in monthly gross salary:

  • employee in company <2 years : severance = €0
  • employee in company  5 years : severance = €500 (5 x €1,000/10)
  • employee in company 10 years : severance = €1,000

After 10 years, there's a bonus 1/15 of monthly gross to add, calculated on the years <10

NB: "Economic" dismissal costs exactly twice as much in severance. This is probably why employers seek to terminate for other causes, or by transaction with the employee (see Jerome's comment).

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Mar 28th, 2006 at 07:28:32 AM EST
[ Parent ]

Others have rated this comment as follows:

Sven Triloqvist 4

Four Ways to Fire a Frenchman | 41 comments (41 topical, 0 editorial, 0 hidden)
Display: