Nearly 1,000 Northern Ireland workers being made redundant by US technology company Seagate are being offered six times the government minimum statutory payoff.
Workers were told by management today they will get six weeks' pay per year of service - provided the remain in their jobs until next July. Employees will walk away with an average of more than £20,000 (€28,680).
Those on average pay will walk away with around £2,860 for each year they have worked at the company, and with the average length of service eight years by next July, that means average pay-outs of £22,880.
The company has been operating at Limavady, Co Derry, since July 1997 - so anyone who has been there since the beginning will get 11 years' redundancy - £31,500 if they earned average pay for the company.
Seagate said last year the total wage bill was £23 million. With a workforce of 927 that equates to an average salary of just over £24,800 a year or around £477 a week.
A company spokesman said: "Six weeks' redundancy for each year of service is at the higher end of the scale, not many give more than that - so it is good for the workers."
Those who choose to go immediately after receiving their notice of redundancy will get four weeks per year of service.
First Minister, the Rev Ian Paisley - who visited the company last night - said the job losses demonstrated why Northern Ireland needed to get its investment strategy sorted out.
Speaking at a North South Ministerial conference in Dundalk, Co Louth, he said the latest jobs blow to the manufacturing sector was a reminder of why the North had to pursue a high-value, high-skilled jobs policy.
Northern Ireland would have to "take it on the chin", Dr Paisley said, adding: "It is a warning to us that if we don't get our house completely in order will will lose more jobs."
Dr Paisley and Deputy First Minister Martin McGuinness met Minister for Affairs Dermot Ahern at the summit. Mr Ahern said the job losses would have an impact in the Republic as some of the workforce live in Co Donegal.
Offering to give any assistance he could, Mr Ahern said: "We will obviously be prepared to share the experience of other areas around the country where there were job losses like this.