Over the last few years as layoffs have started, I see again and again that most of these cuts are employees that are nearing (within 12 months or less) the 3-year pension vesting.
Maybe it's solely because NM is horrible at planning its own financials and is ridding itself of the wreckless new hires it made, but it feels like they're finding the best way to save a boatload of money—by cutting people before they have a much larger payout.
It's truly a shame since the pension was waved around as such a special benefit that demonstrates the company's resiliency and commitment to its people.
Who else was nearing that cliff only to be pushed off with absolutely nothing to fill the gap?