Does anyone know how was the early retirement package structured? What was offered?
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Retirement package is 4 weeks pay plus 1 week's pay for every year you worked here. plus $10,000 for health insurance. (They pay the next 3 mos. then you pay the whole shot)
They are sensitive about potential lawsuits due to age discrimination, so this works very well for the management if people that are older accept this.
I heard that there was very little incentive to take it. Besides the severance package, I heard it was only a few additional weeks to what is being offered to everyone. Seeing that they are going to lay off so many people, it prob is the only option many people have. So sad.
Thank you in advance