With interest rates going up and buyouts going down any other work centers seeing mass retirements?
6 replies (most recent on top)
Still got my pension and ive fought to keep it. Union has drawbacks, but at least ive had my pension since 2006. I remember how they announced it in my office, stuck a note up from corporate about freezing pension for managers. I guess I should have felt sorry for them...I didnt. Not to sound crass, but would you expect ANYTHING less from this company?!?!
Dbs
I asked twice to be riffed last year and once at the beginning of this year. You are assuming everyone is a fine upstanding person in regards to looking out for their
Employees. Instead this individual was one of the most arrogant cretins I have ever had the displeasure to know. I was denied a rif 5 years ago under the needs of the business Bull$hit! In fact it was all about me making her look good. Got to keep those useful idiots around now don't we!
I sat through 15 years of rifs sometimes two a year. Waiting by a phone for the call you were picked when in fact I was never going to be picked because I worked my
A $$ off. Frozen pension in 2006 like all first line . That was when I could care less about this place. Cowards took our retirement and cut mine in half of what it would have been. I took risks with my 401k in a very aggressive approach that made up the difference fortunately. It got to the point i could not work one minute more for this place and I could care less about $40k after taxes just to stick around .
@hzl......with purchases of YAHOO and AOL, There will ALWAYS be a Buy-out (Union / Non-Salaryied employees) or RIF (management employees) upcoming. Maybe you should have privately asked your manager - WHEN (she know or can find out , especicley at director level...they know 3-6 months in advance).
I gotta be here till 2025
I walked out the door 4 weeks ago . After 29 years and fed up with this stinking company of Neocons using third world Inbreds to take away American jobs. Gave my manager a 10 minute phone call because that's all she deserved. No buyout . Gatt rate over next 4 months would eat the value of any offer over the pension decline and no guarantee a rif was coming anyway. What a group of scumbags.
We dont have many ppl left to take buy out...have under 20 in our center.