Feel like jcp waiting until deadline to accept or decline verp offer before they go forward with possible bankruptcy. Deadline for decision on VERP is May 15. Frustrating that you are being asked to decide on this while stores are still closed
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I haven’t heard anything. We’re you called?
Got my separation date today. The date is tomorrow. Not much notice. They'll send the waiver within 10 business days and then, once I return it, I can start the retirement process. Good luck people. I have a feeling that we'll be envied.
Anybody receive their separation date?
I hope we get our separation date quickly. Tired of waiting. I’d like to plan out what I am going to do as far as applying for new jobs
Can someone please explain what VERP is & what state is this happening in?
Thanks
Is everyone taking getting the 5000
With the deadline now extended to May 29 it gives those who’s store is getting ready to close a easy way out now,
What does that do to our notification of our separation date
Jcp obviously not getting as many takers for the deal as they had hoped for
Just got an email deadline for decision changed from May 15 to May 29th now
I’m not taking it but my paper work says your separation date will be given to you no later than 6-1 and that the date for separation could be as far out as March of 2021.
I wonder how we will get our papers since the stores are closed
I was told anywhere from June 1 through December 31 and your manager gives you the termination papers
Does anyone know how soon after the Verp selection closes on the 15th we will get our separation date?
The company doesn’t send you the paperwork. I’m confused
Sounds like a lot of reasons to go either way. I know people that would need to find a new job and they said they won’t even be able to look until they get their termination date. If you leave before your date you lose the offer. Also know people staying since they have six weeks vacation a year and don’t want to give that up yet.
Sounds like a lot of reasons to go either way. I know people that would need to find a new job and they said they won’t even be able to look until they get their termination date. If you leave before your date you lose the offer. Also know people staying since they have six weeks vacation a year and don’t want to give that up yet.
Your manager or HR supervisor is suppose to give you the termination paper and the dates to be let go June 1 through Dec 31 depends on store business
When and how do you get y our separation date? Who decides?
Seems like it is a great deal , you would be silly to pass it up
Honestly the writing is on the wall if you don’t expect this offer chances are your position will be eliminated. Or hours cut to where you won’t be able to pay bills, put gas in car and food on the table. This is just my honest opinion I’ve been with them for a while and I’m taking the offer. You can always get another job in grocery or retail (Target & Walmart) they need help and if we have to shut back down these are essential businesses.
In the paperwork they are telling us it’s better than the Verp offered 3 years ago
The offer isn’t that good. Just ups your pension payout. No severance included. Probably worth it for those at or soon to reach 62 because they could take social security benefits early. In my case I will turn 60 over the summer. Would have to find another job as I work full time here presently. With the shutdowns there won’t be much of a job market for awhile, therefore: will probably decline offer and go back and hope for the best.
It is very frustrating !! U get 4 weeks to decide. I don't know what to do I have been a JCPenney employee for 20 years. But I AM afraid if I don't take offer they will let me go anyway. Is in writing u Future working for the company is not garante. And same offer would to be offered. To get a financial planner to help you , I always wanted to retired but not under this condition..
Voluntary Early Retirement Program
Letters went out day all stores shut down
What is VERP??
Something strange is going on. Georgia had one of the earliest statewide reopenings in the country. Yet, I don't see any Georgia stores open (even for curbside) on the JCP website.
Bed Bath and Beyond furloughed their employees through 5/16...but they actually came out and told people that. JCP is keeping things quiet for some reason.
This company has never been closer to the brink.