Bank Fires Staff, Then Demands They Come To Work The Next Two Years For Free
SunTrust Banks is a huge multinational corporation with $189 billion in assets. Clearly, the banking business has indeed been profitable for SunTrust. Which makes what they recently told about 100 employees so puzzling.
The bank recently let over 100 highly trained IT workers go, but it’s trying to retain their services for free by attaching a “continued cooperation” clause to their severance package. So if these employees don’t sign the contract containing the clause, they lose the entire severance package and walk away with nothing….READ MORE at LiberalAmerica
Copyright 2015 Liberaland
By: Andrew Bradford
Andrew Bradford is an author, academic, and political activist who lives in Atlanta. He is a Senior Writer for Liberal America and also has his own blog at deepleftfield.info
26 responses to Bank Fires Staff, Then Demands They Come To Work The Next Two Years For Free
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whatthe46 October 23rd, 2015 at 17:21
there’s no way that can be enforced.
allison1050 October 23rd, 2015 at 17:27
It will have to go to court. Don’t they still have unlisted numbers?
Anomaly 100 October 23rd, 2015 at 17:39
It just HAD to be my bank.
Guy Lauten October 23rd, 2015 at 17:42
really? ouch.
Anomaly 100 October 23rd, 2015 at 18:10
I’m in Virginia though.
Larry Schmitt October 23rd, 2015 at 18:16
Find a local community bank, or a credit union.
Guy Lauten October 23rd, 2015 at 17:41
I know I’d really trust my IT infrastructure and access to my bank’s money to the advice of a bunch of people I had just fired and were no longer paying. Staggering incompetence.
Angelo_Frank October 23rd, 2015 at 18:17
A controversial severance agreement clause by SunTrust Banks requiring laid-off employees to be available to help without pay, has been removed, the bank said today.
http://www.computerworld.com/article/2996527/it-outsourcing/in-turnabout-suntrust-removes-contentious-severance-clause.html
Larry Schmitt October 23rd, 2015 at 18:21
Time to try to save face.
Larry Schmitt October 23rd, 2015 at 18:21
“We understand that a clause in our severance agreement was misconstrued versus its use in actual practice, and therefore, we have removed it,” said a bank spokesman in an emailed statement.
I don’t think it was misconstrued at all. People understood exactly what they were trying to do, and now it’s damage control time. I hope they lose a lot of depositors.
crc3 October 23rd, 2015 at 18:30
WTF?? This can’t be legal…or can it?
nola878 October 23rd, 2015 at 18:35
Sounds like they’re trying to resurrect serfdom…
amersham46 October 23rd, 2015 at 19:10
One employee in IT could shut down that bank in a flash
whatthe46 October 23rd, 2015 at 19:12
oops.
robert October 23rd, 2015 at 19:17
just dont log in before you do it
robert October 23rd, 2015 at 19:16
it makes sense, Ive had past employers who think you should work for free and you did ( after paying your fixed expenses )
FatRat October 23rd, 2015 at 19:32
http://25.media.tumblr.com/tumblr_lwmsixxZId1r8ij5jo1_400.jpg
https://s-media-cache-ak0.pinimg.com/736x/94/d8/33/94d8333eb63949960b31fbfe09be4d16.jpg
F_cons October 23rd, 2015 at 19:48
3 am call, ” I cant get … to work, help”
“Ok, log in with the super user id and delete all”
“let me know when you’re back up”
whatthe46 October 23rd, 2015 at 19:58
to delete all mortgage loans, press enter.
Tommie October 24th, 2015 at 00:52
Slavery, the gift that keeps giving for the 1%ers!
KillAllTheRednecks . October 24th, 2015 at 01:34
If this sort of atrocity is allowed to happen, then expect it to happen EVERYWHERE. This is just a trial balloon that the filthy rich are using to see just how close to bona-fide slavery they can do before the pitchforks and guillotines are brought out.
liberalMD October 24th, 2015 at 02:17
The only surprise in this story is which bank was going to be first and why didn’t it happen sooner (don’t remind me, that’s two things….). The banksters are addicted to money and they have fed upon their customers for years, making big profits off the moneys that hard-working Americans have deposited in them (?for safe-keeping?…GIVE ME A BREAK!!!). They have become so greedy and ravenous that sooner or later they had to find a new prey to satisfy their tremendous desire to have it all.
bpollen October 24th, 2015 at 03:53
As a public relations ploy, this leaves something to be desired.
If you want a bank that will treat its customers like its employees, you want SuckTrust!
Colleen Barnette October 24th, 2015 at 04:56
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Sage October 25th, 2015 at 12:50
I got a refi-pulled 50,000.00 Equity
Lived off of that for this entire year, just about to file bankruptcy. Sun trust holds the mortgage LOLOL revenge is mine, house needs new roof, electrical, plumbing and hvac. That itself is 100,000.00
maggie October 29th, 2015 at 22:07
yeah it’s fire them and “oh yeah you can’t work for anyone else because you signed a “non compete clause” dirty.