Quote:
Originally posted by HummerNewbie:
Glad to hear you are still there fstop but sure wish they would let you know what the hell is going to happen. Does being within a year or two from leaving anyway make you more likely to be offered the package to leave? That is what they are doing right, offering a lump sum to walk away?
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No lump sum to walk away, no packages, straight firing is what they are doing to cut the salary workforce.
They will give a person one month severance for each year worked, up to a maximum of 15 months, for 15 years or greater service. The severance does include health insurance, as it exists when let go. Does not include anymore contributions to the retirement, but GM's contributions are cut way down to any retirement as of Jan. 1 of next year.
In some ways I feel I won't be cut this year, or next, but the following year I will be, and if it is in 08 when they let me go, that would be ideal.
However, one thing I have learned, no matter how critical your job is, you can be let go at any time, so I do not feel secure until all the heads are cut this year.
Hell, I'm 58, worked for GM for 15 years now, and I have a small retirement from a little over 15 years with the Federal Government, so I won't be hurting too bad.
However, if I do get cut, I won't have access to GM's service manual anymore
, so won't be able to help anyone out in that regard.
Time will tell, I just wish they would get it all over with ASAP, and let all of us get on with our lives.