Thread regarding General Motors layoffs

Advanced formating in Excel doesn't count as math skills.

Engineer at General Motors requires math skills

I hope the people on here talking about only 1000 a month lump sum loss is much less than salary don't work in any job requiring math skills. The lump sum is money in hand that can be reinvested. You not only lose 1000 per month, or 12k, but the earnings on your lump sum. If you like working for 1/2 price, go ahead. It would be better to retire and if you still need to work, find another job or do contract work. If interest rates go up, the loss will be more significant and will be immediate when new pension calculations go into effect for the following year. Expected rate increases in 2022 will wipe out a whole year's pay from 2023 lump sums. Don't get stuck working for free.

A $1000 loss opposed to retirement which is a 100% hit to your salary. Given the salary of somebody who is about to retire from GM, that could easily be ten times as much that you would be losing form your lump sum.

Great Post.. Anyone with a half a brain for finance can logically understand that a $1000 per month hit to your lump sum, decreases your annual salary by $12000--meaning your working for less. Factor in the returns on that $12k and you are working for even less. Best strategy: retire when your lump sum is at its peak and then take on contract work. Win-Win. Don't listen to these ignoramuses who have no clue how to manage their finances.

Is that you Mary B.? Still trying to get rid of the older people. I'm pretty sure they make more than $1000 a month which means that they still end up ahead.

I mention this because anybody who has actually cared can see that the petty behavior that comes from experience at General Motors is detrimental to the company.

For example, what do experienced engineers say as they treat you like garbage, withold information, talk trash about you, and do their best to ensure your failure? "If you don't like it, find another job." Leadership knows the company cannot heal with these people poisoning the culture.