Recent Bankruptcy Filing Leads Concerned Employees to Seek Counsel From Career Protection(TM)

12 October 2005

Career Protection(TM) has
helped hundreds of professionals who have been laid off, outsourced, or
terminated obtain substantial severance packages

DENVER, Oct. 11 /PRNewswire/ -- A top Fortune 500 auto company's
bankruptcy filing Saturday has flooded Career Protection(TM)'s offices with
phone calls and thousands of website inquiries from employees asking about
their severance pay packages. The nation's largest auto supplier's bankruptcy
filing sent shock waves through its 50,000 U.S. employees. The company has
185,000 employees worldwide.
"Hundreds of employees are calling us and blasting the company's decision
to file for bankruptcy just one day after sweetening the severance packages of
21 top executives. So many educated executives and professionals believe that
severance packages are rarely provided, or, cannot be negotiated," says Kirk
Nemer, president of Career Protection(TM) and employment negotiations legal
advisor to Fortune 500 professionals. "The recent severance packages have
proven that even bankrupt companies will provide generous severance and
separation benefits, and they can be obtained by any employee."
The human resource and employment law experts at Career Protection(TM)
have recently been inundated with calls and website inquiries from employees
of other recently bankrupt filing companies.
"Many professionals have excellent opportunities to negotiate a severance
package but continue to believe that severance pay is a 'take it or leave it'
situation and make the mistake of signing separation release agreements with
restrictive covenants written by, and for, the company without even thinking
about the impact on their future careers," Nemer states. "Even with job
offers, senior executives and professionals don't know what to ask for or how
to negotiate them."
Career Protection(TM)'s human resource and legal experts offer a unique
program to advise executives and senior professionals so they achieve the best
employment agreements and considerable severance pay packages as they enter or
exit a company.
Sheila Lofton, executive of Colgate-Palmolive, says "Career
Protection(TM)'s experts showed me how to negotiate with a large company's
human resources department and ask for benefits I would have never thought
about obtaining. They guided me to a successful resolution without legal
escalation."
For more information on how executives and professionals can prepare a
negotiations strategy and receive a significant severance package or job
offer, visit http://www.CareerProtection.com

About Career Protection(TM)
A leading national provider of employment negotiations advice, the human
resource and legal experts at Career Protection(TM) have protected the careers
of professionals throughout the United States, Canada and Europe. Career
Protection(TM) has created hundreds of employment agreements and significant
severance pay packages for executives and senior professional clients as they
enter or exit a company. Career Protection(TM)'s HR and legal experts have
previously served as Vice Presidents of Human Resources, Directors of Human
Resources, Corporate Counsel/Attorneys, or Recruiters for many Fortune 500 and
Global Corporations. For more information, contact Career Protection at
info@careerprotection.com or visit their website at http://www.CareerProtection.com.

Contact: Scott Baker, Vice President, Public Relations of Career
Protection, 877-HRLAW-4U (475-2948), ext. 801, or scott@careerprotection.com.