WorldCom to fired employees: we'd like to raise your severance pay
This must be a first. Never heard this in the dotcom days...
WorldCom Inc., eager to bolster morale after filing for bankruptcy-court protection, sought permission from a bankruptcy court to pay full severance to thousands of laid-off employees whose payments had been capped.
In a filing Tuesday with the U.S. Bankruptcy Court for the Southern District of New York, WorldCom said shortchanging the severance packages could jeopardize the cooperation and goodwill of the existing employees. Some employees have complained that WorldCom, the nation's second-largest long-distance telephone company, intentionally maneuvered to avoid paying rank-and-file workers the severance it promised. Severance for laid-off workers was capped at a maximum $4,650 after the company sought bankruptcy protection in July.