fired employee

There is no general right to severance pay in the event of termination. To avoid a wrongful termination protection claim, many companies pay one anyway.

(Photo: Getty Images)

Sedan More and more companies announce job cuts, due to economic pressure. That’s what the automaker wants. vauxhall until 1000 jobs eliminated in Germany. Also the chemical giant BASF plan a Savings program, which should primarily affect the location in Ludwigshafen.

If there is a layoff, the scare is usually great. Those affected often expect to be compensated at least in part for the loss of their job with severance pay. A few thousand euros as a reserve until you find a new job should be there; after all, you have put all your energy into your work for years.

The bad news is that there is no general legal right to severance pay. The good news: In many cases, companies still pay for one. The Handelsblatt has asked various experts when severance pay will be paid, what its amount should be and what tax considerations should be taken into account.

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