Severance Pay in Germany

severance pay What is a severance package? A severance package extends a monetary payment to an outgoing employee or group of employees, typically when they are terminated

Unless a union contract, company policy manual, or employment contract specifically requires payment of a pre-set amount of severance pay to employees who quit severance Severance pay is compensation given to an employee who is laid off, whose job has been eliminated, or who has otherwise parted ways with a company