Bank’s severance deal requires IT workers to be on call for two years
computerworld.com
computerworld.com
and: The severance agreement itself says that this assistance from former employees "will be requested at such times and in such a manner so as to not unreasonably interfere with my subsequent employment."
I think the "reasonable" and "unreasonable" here severely restricts what the company can expect here. I mean, if the severance pay is a million bucks each, "reasonable" is quite a lot, but it seems more likely to be a pittance.
If you refuse the severance with support requirements attached, be prepared to fight and have plenty of money in the bank to live off of, because they'll try to make an example out of you.
Obviously, if you become employed in short order, then the needs of your employer are going to override the support requirement. I think that the bank has made a bet here that the people who were let go may not ever be employed again.
Additionally, if the person is re-employed elsewhere, it's much more costly to fight a well-financed employer, vs. a poorly financed employee.
This all stems from the fact the employer-employee relationship is not balanced with respect to labour laws grossly favouring the employer over the employees. The US is a third world country when it comes to labour law. Most of the governments in developed world would not tolerate this.
Or in simpler terms: the South shall never rise again.