jillyz12
Active member
The huge international company I've worked for for 23 years announced yesterday...in an email to the employees...that in an effort to cut costs, 1000 jobs would be eliminated worldwide. In addition to that, any employee 57 years of age or older, with 7 or more years of service, was going to be offered voluntary retirement. Yep, I fit into that category.
It's a long story, too long to tell here, but the bottom line is that if you qualify for the early retirement but don't take it, there's no guarantee you'll have a job at the end of February. :shock: Has anything like this ever happened to anyone here? This company makes MILLIONS every year....they're definitely not hurting. I'll have a pension plus my 401K, and will be able to buy health insurance through them for a lot less than if I tried to get it on my own. I just can't believe the way it was handled. And the real kicker is, 2 hours after WE found out (and not even the supervisors were given a heads-up), the story appeared on the website of the local newspaper. Thanks for listening, everybody. I'm just a little bit shocky.
It's a long story, too long to tell here, but the bottom line is that if you qualify for the early retirement but don't take it, there's no guarantee you'll have a job at the end of February. :shock: Has anything like this ever happened to anyone here? This company makes MILLIONS every year....they're definitely not hurting. I'll have a pension plus my 401K, and will be able to buy health insurance through them for a lot less than if I tried to get it on my own. I just can't believe the way it was handled. And the real kicker is, 2 hours after WE found out (and not even the supervisors were given a heads-up), the story appeared on the website of the local newspaper. Thanks for listening, everybody. I'm just a little bit shocky.