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Guest Josh

Dad Is Taking The Buy-Out

11 posts in this topic

Guest Josh   
Guest Josh

The paper work will be filed early in the week. After that he has 7 days to change his mind if he does not change his mind he is locked in and can't go back.

Then once that is done, anytime between the 7th day to the end of the year they can then let him go.

Taking the $35k buy out, full pension, full health.

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Wow... I'm not sure what to say. It sucks but on the other hand it

could be much worse. Many people got screwed out of jobs at my

dad's company with no pension, buyout, dignity... NOTHING.

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daves87rs    330

Hmm...not sure what my Dad wants to do...

He is still thinking about working for a few more years.

Josh-did your dad have his 30 in already?

It sounds like he has a plan in mind, which is a good thing...

I know a few who are taking the buyout, and both have mixed feelings so far...

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Guest Josh   
Guest Josh

He's very nervous and he did have his 30 in just hit it this year. Chances are he will have to pick up a part time job doing real real real light work somewhere.

I had to play a big part in telling him to take it, saying look at this now compared to you never getting this again if the company goes belly up.

Also, there are more salaried cuts coming on Monday. Most coming from the Tech Center and being engineers.

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daves87rs    330

He's very nervous and he did have his 30 in just hit it this year. Chances are he will have to pick up a part time job doing real real real light work somewhere.

I had to play a big part in telling him to take it, saying look at this now compared to you never getting this again if the company goes belly up.

Also, there are more salaried cuts coming on Monday. Most coming from the Tech Center and being engineers.

Ahh..that's what my father-in-law is doing. Light work. When Wixom closes next year, he will have retired, and enjoying working with the Tigers... :)

(he loves sports)

My dad also hit 30 this year..but he is more up-in-the air right now.....

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Croc    268

Well, you may be better of if enough other people take the buyouts offered instead.

Listen to griffon, he knows what he's talking about.

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