In turnabout, SunTrust removes contentious severance clause
A controversial severance agreement clause by SunTrust Banks requiring laid-off employees to be available to help without pay, has been removed, the bank said today.
SunTrust is laying off approximately 100 IT employees as it shifts their duties to IT contractors. The employees have been training overseas workers to take their jobs.
The severance agreements received by employees included a "continuing cooperation" clause requiring each worker "to make myself reasonably available to SunTrust regarding matters in which I have been involved in the course of my employment with SunTrust and/or about which I have knowledge as a result of my employment with SunTrust."
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