golden handshake

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golden handshake

token of gratitude bestowed on retiring employee after years of service. [Br. Pop. Culture: Misc.]
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However, those who were sent on necessary pension between May and Dec 2006 aged 50 years and above were differentiated against in comparison to those who were shown the door between July 2007 and Dec 2008.The workers who were been fired in stage one were not compensated any Golden Handshake in contrast to their counterparts in stage two.
Labour Research said its survey of firms' annual reports found 75 golden handshakes of pounds 100,000 or more, with some companies making more than one large pay-off in the year.
The golden handshakes are an insult to struggling taxpayers JOHN MANN LABOUR MP YESTERDAY
My wife has accrued 25 years of hard, rewarding work - and it seems her small "golden handshake" has been taken away.
Local authority employees contemplating early retirement are unlikely to be awarded 'golden handshake' top-ups to their pension entitlement in future, the leader of Birmingham City Council warned yesterday.
Examples included pounds 20,000 golden handshakes for veteran councillors who quit before June's elections; while the number of Gwynedd County Council staff earning more than pounds 40,000-a-year had risen by 60pc in a year from 32 to 51.
But severance pay is often into six-figure golden handshakes and there is always another club on the ready to take sacked managers on in the game of musical chairs.
(Golden handshakes - pages 4-5) THE disclosure of the size of "resettlement grants" paid to members of the National Assembly who left the body last year demonstrates why it was appropriate to change the system.
In this country we have company directors who are in receipt of golden handshakes worth hundreds of thousands of pounds even millions.
My solution would be that we all took our money out of Lloyds TSB, but the fat cats would just walk away with their golden handshakes, while the ordinary branch workers face oblivion.
The 14 golden handshakes were of more than pounds 1 million were, it said, made to: Klaus Esser, Vodafone Group, pounds 9,153,000; Jim Mueller, Invensys, pounds 3,187,739; David Allvey, Barclays, pounds 1,615,000; Trevor Hilliard, Alliance & Leicester, pounds 1,488,000; Peter George, Hilton, pounds 1,373,000; John Hoerner, Arcadia, pounds 1,332,000; Jeremy Strachan, Glaxo Wellcome, pounds 1,265,000; Dino Adriano, J Sainsbury, pounds 1,237,000; James Cochrane, Glaxo Wellcome, pounds 1,198,000; John Parcell, Reuters, pounds 1,189,000; Arun Sarin, Vodafone Group, pounds 1,119,000; Ian Johnston, Cadbury Schweppes, pounds 1,110,000; Andrew Bonfield, SmithKline Beecham, pounds 1,052,000; James Moore, International Power, pounds 1,002,674.
Northumberland County Council, criticised in 2010 for paying pounds 9.2million in golden handshakes to fatcat bosses, declined to comment.