| Title: | The Digital way of working |
| Moderator: | QUARK::LIONEL ON |
| Created: | Fri Feb 14 1986 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 5321 |
| Total number of notes: | 139771 |
I'm not really sure if this belongs here, but if it doesn't, I'm sure I'll hear about it. I was just talking to a friend who works at Wang and he filled me in on the details of their latest layoff (they don't see it as one). The program is based on early retirement insentives and is only open to selected groups, specifically excluding anyone technical. For people over 45 and with the company for 5 years they offered 4 months salary and full pension! If they were with Wang less than 5 years I think they got half pension (but I'm not sure). Under 45 they got either 3 or 4 months pay. Anyhow, it sounds real good on paper, but I wonder if someone had been at a company for only 5-10 years, is a full pension really all that much? Like I said, I don't know why I'm putting this in here. I certainly don't want to imply that Digital is planning anything similar to this, but thought it might generate some interesting discussion. -mark
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 166.1 | through the grapevine | MRSVAX::DMCLURE | Vaxnote your way to ubiquity | Tue Aug 05 1986 17:34 | 11 |
I know of someone at Wang who applied for this "voluntary retirement"
(or whatever they call it), but his manager blocked his leaving because
they considered him to be too valuable to the company. I gather from this
that it is merely another layoff disguised as a new company benifet for
the sake of public relations and morale.
This same guy is leaving the company anyway to form his own new venture
startup, but will not be recieving the same benifets as the people this
action is designed to weed out.
-DAV0
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| 166.2 | these things get complicated | DELNI::GOLDSTEIN | hand me the pliers! | Mon Aug 11 1986 18:29 | 13 |
Another of the Wang Variations. A friend of mine, who has not exactly
been in a mutual admiration society with his managers though his
work is more than adequate, applied for the voluntary layoff even
though he was not really eligible (R&D employees weren't). He was,
of course, turned down. Now, he can't be fired easily because it
would look as if they were trying to screw him out of his bennies.
In other words, by asking to be laid off, he's become harder to
fire on the manager's whim.
Another angle: I see Maynard NPO (plant) has a new program to _rehire_
retirees for part-time assignments. Is this in its own way a little
poke at Wang, by doing exactly the opposite (voluntary un-retirement)?
At least it shows who's doing how well this year...
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| 166.3 | just vested, yes? | REGENT::MERRILL | Win one for the Glypher. | Tue Aug 19 1986 13:15 | 10 |
re: .0 I'm sure "full pension" should read "fully vested" [in rights
to receive pension when over 65]; and you are right, not only would
the pension for 5 yrs be small but it'll be even smaller in 65-45
years!
They should offer a microvax to anyone who "retires" - that oughta
get 'em!
RMM
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