What does Severance Package mean?
Compensation and benefits paid to an employee upon termination of their employment.
Employees affected by the downsizing were offered a generous severance package.
Severance Package in German, French, Spanish and Italian
GermanAbfindungspaket
also Abfindung
Abfindung bei Beendigung des Arbeitsverhältnisses.
FrenchIndemnité de départ
also Package de départ
Indemnités de rupture de contrat.
SpanishPaquete de indemnización por despido
also Finiquito
Compensación por cese laboral.
ItalianPacchetto di fine rapporto
also Liquidazione
Compensazione per la fine del rapporto di lavoro.
Common phrases with Severance Package
- generous severance package
- offer a severance package
- negotiate severance package
- final severance package
Synonyms and opposites for Severance Package
- Synonym Redundancy pay
- Synonym Separation pay