Comment by Cthulhu_
11 hours ago
I want to say "it's because they're Dutch lol" but it's signed by Cristophe (Fouquet), who is French.
1700 managers is a lot, but also, it's a huge multinational so I'm not surprised they have that many. They will be alright I'm sure - one, if there's any forced firings they will be well taken care of under Dutch labour laws, and two, ASML will look very good on a CV.
> any forced firings they will be well taken care of under Dutch labour laws
Yes. Notice period stays in tact. Transition payment is 1/3rd of a monthly wage per year worked. And then your unemployment runs for up to 24 months at 70% of your income capped at €4500. Unemployment benefits are unconditional until you find a new job.
> Unemployment benefits are unconditional until you find a new job.
They are quite conditional: you must be applying for a new job while receiving them, and after the first six months any job you can do is eligible (not just the jobs you would want to do). You must report your job applications to the unemployment agency, and you can get called in and cut off from benefits for not earnestly seeking a job.
That is what I meant with “until you find a new job”. You must indeed be actively looking for a job.
But they are unconditional in that they are not means tested or have other clauses that could cause you to not get paid. You do not have to eat your savings, house or car. You are allowed to keep those.
I'm curious how that works in the extreme... Isn't prostitution legal in the Netherlands? A brothel can offer you a job and you have to accept?
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That's pretty generous, even for EU standards. In Austria for example, unconditional unemployment is 60% of your income and only lasting for a dozen or so weeks, after which you are forced to accept any job offer thrown at you or risk having your unemployment taken away.
Unemployment benefits is something you build up during your career, not just your current employer. For each year in employment you get one month of unemployment. The limit is 24 months.
And with the current job market, someone with ASML on their resume probably isn't on the bench for more than six months.
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Those holding a "highly skilled immigrants" visa that get fired will have 3 months to find a new job, or their residency permit expires. ASML hosts quite a few expats. The internal competition won't be pretty.