BizSense has obtained a copy of the Qimonda severance packages. The German-based computer chip manufacturer announced last week that it was cutting 1,200 jobs at the Sandston plant.
Employees who leave less than 60 days from the announcement will receive one week pay for each year or partial year at the company. Employees who stay after that 60 days get 4 weeks of pay plus one week of pay for each year or partial year of service. For example, if you worked at Qimonda for 2.5 years and stayed beyond the 60 days from the announcement, you would earn 7 weeks of pay.