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As Nation is Flooded by Layoffs -- A Tsunami of Severance Packages Hits Career Protection®

We hate to say "we told you so," but Career Protection's Annual 2008 Layoffs Forecast was correct in its prediction of massive layoffs for this year. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding reduction-in-force plans conducted by the employment law and human resources experts of CareerProtection®.com.

"It is clear that the severance package offers will not be as generous in their severance pay as they have been in the recent past."

Los Angeles (PRWEB) November 19, 2008 -- Career Protection's® Annual 2008 Layoffs Forecast in January painted an ugly forecast of layoffs for this year, and its prediction was accurate. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding reduction-in-force plans conducted by the employment law and human resources experts of CareerProtection®.com. Career Protection's® Annual Layoffs Forecast© predicted a 37% increase in companies planning layoffs and reductions in workforce this year.

Career Protection
"This was our worst layoff forecast in the past five years, but we never expected the job cut numbers to be this large," says Kirk Nemer, J.D., SPHR, President and CEO of Career Protection®. Major companies which recently announced layoffs include the following: Mattel, Ford, Motorola, Citigroup, Morgan Stanley, Nortel Networks, DHL, Sun Microsystems, Glaxo Smith Kline, HP, American Express, Xerox, PepsiCo, Merck, National City, Yahoo, eBay, General Motors, Starbucks, Whirlpool, Qwest, and Chrysler.

"It is clear that the severance package offers will not be as generous in their severance pay as they have been in the recent past." Nemer added that, "It is more important now, more than ever, to negotiate severance package offers as they're not a 'take-it-or-leave-it' situation."

It is best to have expert employment law advice, since companies force employees to sign a Separation Agreement and Release of Legal Claims in order to receive their severance pay packages. A common mistake regarding severance pay is the belief that it is not open to negotiation. This is not true. Please read "The 8 Biggest Severance Pay Mistakes" at http://www.careerprotection.com/severancepay.html

Career Protection® is a national leader in negotiation of employment issues, including severance pay, employment agreements and separation release agreements. Visit http://www.careerprotection.com to learn more.

About CareerProtection.com:
Career Protection® is the only HR and Legal Solution™ organization dedicated to assisting executives and professionals on a nationwide basis. The company's human resources and employment law experts work to protect the careers and legal rights of their clients.

Kirk D. Nemer, CEO of CareerProtection.com, and employment attorney with over 20 years of legal and human resources experience is available for interviews on many workplace issues and law.

Please contact:
Kelly LaMarche
Vice President of Marketing & Communications
(877) HRLAW-4U (475-2948), extension 620

U.S. is flooded by pink slips—
A blizzard of severance packages hits Career Protection.com

As nation’s unemployment rate bolted above 6 percent for the first time in five years, employees seek legal advice from Career Protection. Severance pay is not an issue to handle lightly.

New York, NYSep 08, 2008 – A professional image and future is not something to be dealt with under terms of inflexibility. Negotiation will always be required when employment or severance agreement terms are being established. This applies both at the beginning and at the end of a professional relationship. It does not matter whether the employee is being hired, fired, laid off or retired.  There are always long and short-term issues to be considered and agreed to by both parties.

Where the issue of severance pay is concerned, it is always best to have access to expert legal advice, since companies force employees to sign a Release of Legal Claims in order to receive their severance pay packages.  In addition, there is a great deal at stake regarding final payments of salary, insurance, benefits and compensation.

Frequently many professionals enter into employment contracts unaware of the impact of severance pay on their taxes and financial situation. They will often feel pressured to sign a contract right away, but are unaware that federal law provides for an extended period, up to 45 days for legal review, of time for negotiation before a signature is required.

A common mistake of severance pay is the belief that it is not open to negotiation. This is not true. It is greatly beneficial to anyone in the midst of a contract review or employee termination to discuss the terms of any severance pay arrangements if they are going to be damaging to an individual.

Career Protection is a world leader in negotiation of employment issues, including severance pay and separation agreements.   Career Protection is the only HR and Legal solution organization dedicated to assisting executives and professionals on a nationwide basis. The company's human resources and legal experts work to protect the careers and legal rights of their clients.

Annual Layoffs Forecast: 2008 Executive Survey Finds Severe Job Cuts to be Made This Year

Career Protection’s® Annual Layoffs Forecast predicts a 37% increase in companies planning layoffs and reductions in workforce this year.

This is our worst layoff forecast in the past five years for employees, as corporations appear ready to slash staff and layoff workers.
New York, NY January 28, 2008 -- Career Protection’s Annual 2008 Layoffs Forecast paints an ugly picture of cuts in jobs for this upcoming year. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding workforce reduction plans conducted by the employment law and human resources experts of CareerProtection.com this month (Survey conducted January 2-25, 2008).

 “This is our worst layoff forecast in the past five years for employees, as corporations appear ready to slash staff and layoff workers,” says Kirk Nemer, J.D., SPHR, President and CEO of Career Protection®.

“The only good news provided by Executives and Senior Vice Presidents in our survey was that companies were planning to provide severance pay during these difficult and stressful times,” Nemer stated. “However, it appears the severance packages will not be as generous in their severance pay as they have been in the recent past.” Nemer added that, “Employees should negotiate their severance package offers as they’re not a ‘take-it-or-leave-it’ situation. Companies will still require employees to execute a General Release of Legal Claims in exchange for receiving a severance package, so companies will negotiate its terms to obtain one from employees.”

Career Protection has been inundated this month with telephone calls from employees at Bear Stearns, Chrysler, Citigroup, Covidien Healthcare, Ford, GM, Indy Mac and Sprint Nextel, who have announced plans for reductions-in-force in January.

Kirk D. Nemer, CEO of HR on your side, Inc./CareerProtection.com, and employment attorney with over 20 years of legal and human resources experience is available for interviews on many workplace issues and law.

Please contact:
Kelly LaMarche
Vice President of Marketing & Communications
(877) HRLAW-4U (475-2948), extension 620

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Citigroup to Cut 17,000, Employees Seek Counsel from Career Protection

Citigroup's announcement that it will lay off thousands has flooded Career Protection’s® offices with thousands of phone calls and website inquiries from employees seeking counsel and negotiation advice about severance pay packages. Career Protection® has helped hundreds of professionals who have been laid off, outsourced, or terminated obtain substantial severance packages.

Los Angeles, CA , April 18, 2007 -- Citigroup Inc.’s announcement last week has flooded Career Protection®'s offices with phone calls and thousands of website inquiries from management and employees asking about their severance pay packages. The nation's largest financial institution sent shock waves through its workforce by stating it will eliminate 17,000 jobs, and shift 9,500 positions to “lower-cost locations”.

Even with good severance offers, senior executives and professionals don't know what else to ask for or how to negotiate the agreements.

"Hundreds of employees and middle-managers are calling us and asking what they can do about their anticipated severance packages. Many educated executives and professionals believe that severance packages cannot be negotiated," says Kirk Nemer, president of Career Protection ® and employment negotiations legal advisor to professionals.

"Many professionals have excellent opportunities to negotiate a severance package, but continue to believe that severance pay is a 'take it or leave it' situation and make the mistake of signing Separation and Release of Claims agreements with restrictive covenants written by, and for, the company without even thinking about the impact on their future careers," Nemer states. "Even with good severance offers, senior executives and professionals don't know what else to ask for or how to negotiate the agreements."

Career Protection®'s human resource and legal experts offer a unique program to executives and senior professionals so they achieve the best employment agreements and enhanced severance pay packages as they enter or exit a company.

"Career Protection®'s experts showed me how to negotiate with a large company's human resources department and ask for benefits I would have never thought about obtaining," Sheila Lofton, former executive of Colgate-Palmolive, says. "They guided me to a successful resolution without legal escalation."

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Donald Trump Says 'You're Fired' and Now Former Trump Executive Vice President Needs Severance Package Negotiations Expert

Career Protection will provide free consultation and expert severance pay negotiations advice for ‘Apprentice’ co-star and longtime employee of the Trump Organization.

New York, NY (PRWEB) September 5, 2006 -- Carolyn Kepcher, who sat beside Donald Trump during many employment terminations on the ‘Apprentice", had the boardroom table turned on her and has been let go. Kepcher, a co-star with Trump from the start of the ‘Apprentice’ and Chief Operating Officer of two of Trump’s golf courses, has been offered severance pay package negotiation advice by the employment law and human resources experts of CareerProtection.com.

"The shock of her dismissal reported Friday proves that anyone, even a longtime star performer of a company, can have their employment terminated without notice, for any reason, and at any time. Kirk Nemer, J.D., SPHR, President and CEO of Career Protection®, has offered Ms. Kepcher his employment law expert negotiation advice for her severance pay package.

"Executives and professional employees need expert advice and counsel on their side during such difficult and stressful times," Nemer stated. "Severance pay and packages must be negotiated as they are not a ‘take-it-or-leave-it’ situation," Nemer added.

Nemer said that "companies want a General Release of Legal Claims in exchange for a severance package, and will happily negotiate its terms to get one". "We would like to assist Kepcher with a severance pay negotiations strategy that would enable her to get the best severance package from the Trump Organization," Nemer adds.

For more information on how executives and professionals can receive a severance pay negotiations strategy and free consultation to protect their career and financial future, visit http://www.CareerProtection.com

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Career Protection® Passes Milestone with its 2,000,000 Inquiry from Employees Seeking Negotiation Advice About Employment and Severance Agreements

Career Protection® has helped hundreds of executives and professionals who have been laid off, outsourced, or terminated obtain substantial severance pay packages.

New York, NY (PRWEB) March 8, 2006 -- Career Protection, a leading national provider of employment negotiations advice, announced today that it has received over 2,000,000 inquiries from employees worldwide seeking advice regarding employment and severance agreements. The human resource and legal experts at Career Protection ® have protected the careers of professionals throughout the United States, Canada, and Europe by creating employment agreements and significant severance pay packages for executives and professional clients as they enter or exit a company.

“In today's world of layoffs, outsourcings, reductions-in-force, firings, and forced early retirements, almost all working Americans fear losing their jobs. People protect their homes, cars and personal property, but they don't know how to protect their careers which pays for everything they own,” says Kirk Nemer, J.D., SPHR, President and CEO of Career Protection®. Instead of people worrying about their jobs, Career Protection® will guide them on how to protect their employment, compensation, benefits, and their careers within the corporate world through human resources and employment law negotiation plans.

With Career Protection’s ®expertise in HR and law, and corporate inside knowledge, their advice empowers people to take a proactive approach to positioning themselves for career success and maximizing their personal value without legal escalation. Career Protection has proven that through negotiation coaching and a step-by-step success plan for any employee to follow, people can avoid hurting their career and financial future whether they expect to be hired, fired, laid off or retired.

“After nearly 20 years as an employment attorney and a Vice President of Human Resources for Fortune 500 and global corporations, I negotiated with hundreds of executives and professionals on behalf of companies.

From new hire employment agreements to severance pay and retirement packages, I was an eyewitness to employees being taken advantage of by corporations during the negotiation process at the time of being hired, fired, laid off, or retired,” stated Nemer, President and CEO of Career Protection®.

“I was amazed at how many executives and senior professionals would willingly agree to poor contracts and lesser compensation/benefits packages, which waived their legal rights and gave money away. These employment agreements and severance packages would hurt their careers years later as the employees agreed to terms and covenants that decreased their financial future and restricted their careers. They did this because they did not know what to ask for, and/or, they were afraid to ask,” Mr. Nemer added.

For more information on how executives and professionals can prepare a negotiations strategy and get a significant severance pay package or job offer, visit http://www.CareerProtection.com

About Career Protection®
A leading national provider of employment negotiations advice, the human resource and legal experts at Career Protection ® have protected the careers of professionals throughout the United States, Canada, and Europe. Career Protection has negotiated hundreds of employment agreements and severance pay packages.

If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PR Web. We will be unable to assist you with your inquiry. PR Web disclaims any content contained in these releases. Our complete disclaimer appears here.

for executives and professional clients as they enter or exit a company. Career Protection’s HR and legal experts have previously served as Vice Presidents of Human Resources, Directors of Human Resources, Corporate Counsel/Attorneys, or Recruiters for many Fortune 500 and Global Corporations. For more information, contact Career Protection or visit their website at http://www.CareerProtection.com

For Further Information Contact:
Scott Baker, Vice President, Public Relations
Phone: (877) HRLAW-4U (475-2948), extension 801

Contact Information
Scott Baker
Career Protection®
http://www.CareerProtection.com
877-475-2948 +801

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Recent Bankruptcy Filing Leads Concerned Executives and Employees to Seek Counsel from Career Protection®

Delphi's bankruptcy filing just one day after providing executives with sweet severance deals has flooded Career Protection®'s offices with thousands of phone calls and website inquiries from employees seeking counsel and negotiation advice about severance pay packages. Think that severance packages are just for a few executives at the top? Think again -- Career Protection® has helped hundreds of professionals who have been laid off, outsourced, or terminated obtain substantial severance packages.

Denver, CO (PRWEB) October 11, 2005 -- Delphi Corp.'s bankruptcy filing Saturday has flooded Career Protection®'s offices with phone calls and thousands of website inquiries from employees asking about their severance pay packages. The nation's largest auto supplier's bankruptcy filing sent shock waves through its 50,000 U.S. employees. Delphi, No. 63 on the 2005 Fortune 500 list of the country's largest corporations, has 185,000 employees worldwide.

"Hundreds of employees are calling us and blasting Delphi's decision to file for bankruptcy just one day after sweetening the severance packages of 21 top executives. So many educated executives and professionals believe that severance packages are rarely provided, or, cannot be negotiated," says Kirk Nemer, president of Career Protection® and employment negotiations legal advisor to Fortune 500 professionals. "Delphi's recent severance packages have proven that even bankrupt companies will provide generous severance and separation benefits, and they can be obtained by any employee."

The human resource and employment law experts at Career Protection® have recently been inundated with calls and website inquiries from employees of other recently bankrupt filing companies, such as Delta and Northwest Airlines.

"Many professionals have excellent opportunities to negotiate a severance package, but continue to believe that severance pay is a 'take it or leave it' situation and make the mistake of signing separation release agreements with restrictive covenants written by, and for, the company without even thinking about the impact on their future careers," Nemer states. "Even with job offers, senior executives and professionals don't know what to ask for or how to negotiate them."

Career Protection®'s human resource and legal experts offer a unique program to advise executives and senior professionals so they achieve the best employment agreements and considerable severance pay packages as they enter or exit a company.

"Career Protection®'s experts showed me how to negotiate with a large company's human resources department and ask for benefits I would have never thought about obtaining," Sheila Lofton, executive of Colgate-Palmolive, says. "They guided me to a successful resolution without legal escalation."

For more information on how executives and professionals can prepare a negotiations strategy and receive a significant severance package or job offer, visit www.CareerProtection.com.

About Career Protection®
A leading national provider of employment negotiations advice, the human resource and legal experts at Career Protection® have protected the careers of professionals throughout the United States, Canada and Europe. Career Protection® has created hundreds of employment agreements and significant severance pay packages for executives and senior professional clients as they enter or exit a company. Career Protection®'s HR and legal experts have previously served as Vice Presidents of Human Resources, Directors of Human Resources, Corporate Counsel/Attorneys, or Recruiters for many Fortune 500 and Global Corporations. For more information, contact Career Protection® at info@careerprotection.com or visit their website at http://www.CareerProtection.com.

For Further Information Contact:
Scott Baker, Vice President, Public Relations
Phone: (877) HRLAW-4U (475-2948), extension 801

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