Just at the moment when the Blogster was sick and tired of the phrase “revenue enhancements” to describe new taxes, the folks at Pratt & Whitney have raised the bar in corporate$peak. This came the other day from Emily DeSantis, manager of media realtions:
“More than 155 employees across Pratt & Whitney facilities in Connecticut opted for the Voluntary Separation Option, eliminating the need for volume-based involuntary reductions at this time. The Voluntary Separation Option provides one week of severance pay for each year of service, a one-time $5,000 lump sum payment, and medical and dental insurance coverage at no cost for up to 12 months following the employees’ termination dates…”
For those unfamiliar with P&W’s corp$peak, “volume-based involuntary reductions” means layoffs.
