Today is the saddest day for all Dell Philippines employees.
Just this morning, the Dell management announced the closure of Dell Pasay. Teleperformance bought Dell Pasay for 7.5 Million Pesos*, including the employees, the facilities, existing contracts and all the liabilities of the company.
The Dell Pasay management team gave their employees 4 days to decide whether to stay or leave. If they stay, Teleperformance will acquire them as regular-probationary employees (they will experience the benefits of a regular employee, but will undergo probationary evaluation, which means they can still be terminated within 3-6 months if they fail to perform as expected).
All the employees shall be paid 1/2 times their monthly salary per year of service. This means if I have worked for Dell for 2 years, I will get a retention/separation package that’s equal to 1 month of my salary. If I choose to stay, the retention package shall be taxable, and non-taxable if I choose to leave. In addition to this, the employees also get to receive their very last ICP (the yearly performance bonus, which is normally 100 – 150% of their salary per cut off). All their remaining leave credits will also be carried over to Teleperformance if they stay.
I was an employee of Dell Pasay for 1 year and 4 months until September of last year when I got fed up with selling. Now I realized that I have made the right move to transfer to ACS when I felt that I already needed to do so. If I stayed in Dell, I could have been one of the unfortunate guys who are crying at 7-11 with a bottle of beer while trying to survive the dilemma.
* figure not confirmed. Will post further updates
Taken From http://blog.edgelacorte.com/
dariusknighty
