[Gaffer]

They will re-evaluate any future plans on layoffs and downsizing based on the acceptance rates of the offer they have out now.

This isn’t a good sign for the education retirement industry and those who have their money with them.

[Dilbert San Diego]

There is some irony in companies wanting to get rid of older workers. When we also hear from companies nowadays, how lacking the younger generation today is in their work habits, work ethic, productivity, etc.

While they will save on payroll and health costs by shedding older workers, their replacements will be the millenials who are lacking in the work ethic their older workers have.

[FreedomStar3028]

Well folks, it’s been fun.

Better go spend some dollars on some non perishables and water.

[Alex Murphy]

As we embark on the second half of our Vision 2020 strategy, we have significant opportunities to deliver on our promise to put the customer first in everything we do by becoming more efficient and effective. To drive continuous improvement, each of us needs to look for ways to simplify and improve processes and slow the rate of growth in expenses.

Interesting. PFL

[proxy_user]

These programs are stupid. All the smart people who can easily get another job will take the money and leave. They’ll be left with the ‘others’ to keep their business running.

I have seen cases where the leavers joined consulting companies, and their first assignment was: right back where they used to work! Only they were getting $1000 a day plus expenses.

[discostu]

Early retirement used to be a standard way to RIF.

[truth_seeker]

I first heard this proposed about 35 years ago, during a downturn in my firm’s industry.

Nothing new, or to panic about.

[Lorianne]

I never understand why a business would want to get rid of its most experienced employees.

[taildragger]

I’d love to know if these “older” workers are still covered under a “defined benefit plan” retirement system, and if the newer workers are not in it because it was shut to them and they are trying to pair down their pension liability by jettisoning them especially if their is a “Rollover” prevision and a bonus to get out of the system to have one less liability on the books. (Similar to what Ford is doing now, research it).....

[oldtech]

This could be a good deal for some,rotten for others,especially as financial incentives were not detailed. I worked in a particular part of industry as a skilled technician for approx. 50 yrs.,worked well past retirement age & was offered.....ZIP. Just to show some that things could be worse,and indeed are not likely to get better.