There is an engineer in my group who was less than a year away from reaching retiree status who was put on a PIP. She was put on a pip five years ago as well so is now fired. Fired months from being able to receive retiree benefits after more than 30 years at Exxon. Now she is fired and no longer eligible for the retiree benefits. Are others seeing this as well?
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@nj Wrong. You need to read the policy again.
So you are saying when it happens next year it will be ok?
@OP fake story, read the policy. You aren’t even using the terminology correctly.
Troll.
For those who are NRE the 2 MLRP automatic PIL doesn’t apply this year.
Hope she sues.
Exxon is running a multi-year RIF in front of everyone's eyes and nobody is saying a thing.
You can't blame the company for getting away with what it is able to get away with. Employees need to speak up
Everything: your promotion, your pay, whether you get put into certain jobs or not, all revolves around your age. Not a single other company in the United States would be doing this without penalty. Our employees follow what they're told without thinking and this is another example You were told this is OK and this is right and this is about experience, and you believe them. You're wrong and you should do something about it
Happened to multiple people.
@h4 According to Taylor and Romak, Hunt gave Romak and the employee previously in his position, a white male who is not named as a plaintiff, a “tear jar” shortly before their last day of work.
“A tear jar is a vessel designed to collect and save the tears of someone experiencing grief, and here, the gift was intended to humiliate and mock two employees who had just lost their jobs in a racially discriminatory reorganization,” the suit said.
Someone formerly at a Shell campus in Houston is suing right now for losing out to DEI hires with no experience and being told it was because they were white and literally being given a “jar for their white male tears”. That’s a quote from the lawsuit. That was a real thing that happened. Google it.
All of the lawyers in the world won’t stop even the biggest companies from losing in court. But they do need to cross a line. So keep your eyes peeled for that. These loser egotistical executives are not infallible and are in fact deeply flawed and greedy and so mistakes happen.
@ah Cool story, but these things rarely (if ever) go to court, let alone trial by jury.
Standard practice is for opposing counsel to negotiate a settlement behind closed doors. That’s usually as far as it ever goes.
If/when someone does decide to fight a company like Exxon in court, they will deploy the full firepower of their world-class legal talent (these people argue cases before federal appeals courts), bury you in procedural costs, force changes of venue, and rip your character to shreds.
Oh, and the process can take years to litigate.
Unionize or roll over and take the abuse. Those are your options.
@a5
budget is for paying executives at least 30% more every year and buying back stock and dividends
anything else is waste of course. bootlickers all agree.
This is disgusting. This type of behavior led by the policy that is endorsed by the Executives and Management Committee absolutely speaks to the fact that the ethics and morals of the company are missing. This type of action is exactly what the business practices review tries to prevent so now, the BPR has no basis for being followed by anyone. Good job in proving your true colors Darren. This guy is a joke and will be forgotten once he retires. He can take every dollar to the grave because that’s all he’s got.
And then the business practices review training tells us that all employees from the boardroom down must operate ethically with honesty and integrity. What a joke!
@cf I’m not on salary so I didn’t think about losing RSU’s. That could be a significant loss. Does the pension formula change if you don’t make it to 55?
1.6% × Years of Pension Service × Final Average Pensionable Pay) minus the Social Security Offset
@ce pension is significantly reduced, RSUs taken away. Can be significant for someone who has been with the company for a long time if they were previously a high performer with significant RSUs.
I wouldn’t get too worked up on losing medical, ACA govt insurance is comparable now, depending which plan you choose.
If she turns 55 at any time this year she can access 401k without penalty via Rule of 55. If she turns next year she has to wait until 59-1/2 or pay penalty.
What else do you lose besides the health insurance if you don’t make it to 55? You will still receive the pension so what other benefits are there for being a retiree?
as long as you've deeply assessed the details to arrive at this blanket statement...
How can someone work 30 yrs without being targeted for firing except right before her tenure for retirement? That’s morally disgusting on so many levels. Meanwhile all the old
Executive people hang out past 65.
Same goes for Government officials. It should be no older than 65 then you’re gone. It’s strange how old people are voted in. Ex NancynPelosi
Treating employees like this at $100 oil price is pure evil.
The Executives that are behind this may receive a bonus but will burn in heII for eternity.
Shameful and disgusting
Pure evil.
Hope she's doing OK now.
What some of these "leadership" teams are doing to their fellow human beings is despicable.
@ah wasting time and money with a law suit
This is why they have lawyers.
Best of luck to her in lawsuit. Female and older? The jury is going to love her. Especially after filling up at the gas station.
Quick, rifle through her old desk! Maybe you can snag a couple quarters or a stick of gum.
it is disgusting to treat a long-term employee this way. Shame on her management team.
The ever-increasing budget for executive compensation has to come from somewhere.