AOL Severance Agreements

By Thomas McKinney

AOL Inc. on Monday started laying off employees and said it would close some European offices, after failing to reach its goal of cutting about a third of its staff through a voluntary buyout program. About 1,100 employees accepted the buyout package, offered in December and aimed at cutting some 2,300 jobs. Volunteers received three to nine months’ pay and other benefits, depending on rank, according to a person familiar with the situation. Employees who are laid off involuntarily will receive a package of one to four months’ pay and other benefits, this person said. That leaves AOL with about 1,200 more jobs to eliminate. A spokeswoman said the cuts will be across the board. Please contact us in the event you have been offered a severance package by AOL.

About the Author
Tom McKinney is an experienced NJ Employment Lawyer in all major areas of labor and employment law, including discrimination, harassment, overtime violations, wage and hour claims, sexual harassment, wrongful discharge, Title VII, ADA, ADEA, FMLA, LAD, FLSA, and all other employment law claims. Tom is admitted to practice in the States of New Jersey and New York, United States District Court for the Eastern District of New York, Southern District of New York, District of New Jersey, and United States Court of Appeals for the Third Circuit. Prior to forming the firm, Tom practiced at Gibbons P.C. in Newark, NJ. If you have any questions regarding this article, contact Tom here today.