Fleet Service Question..
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wings396
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The furlough is a better deal, and you get almost as much Cash in a shorter time.
Get your severence, collect unemployment, and get cash for some of your unused sick time. IF the buyout gave you everthing up front, then it would be a better deal.
You can bet that the Company will figure out a way to screw you out of your last installment before 2 years passes by.
Get your severence, collect unemployment, and get cash for some of your unused sick time. IF the buyout gave you everthing up front, then it would be a better deal.
You can bet that the Company will figure out a way to screw you out of your last installment before 2 years passes by.
RedOne
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I have retired and was wondering about the 250 buyout for f/s. Havent heard about it until your post. When I was trying to figure out what to do, I tried to look at all angles. The way I figured it, from a monitary viewpoint...at least for me, you came out about the same. Only difference was, if you took the 250 buyout, it was stretched out over about 3 yrs...and should the company fold you don't get it all. The funds ain't guaranteed. Plus, severance for most is weeks away. Has the 250 process even begun yet? Once it was started, the signup process was to take months...then months again before it was awarded. Choose the 250 plan, and you may see nothing. Hard choice though.
I havent heard anything yet, but that doesnt surprise me...With CLE due to be outsourced on 5/23/05 (originally scheduled for a week earlier but was changed. Most of us here are saying "Adios". And personally I cant wait to get the heck out. 🙂
Tim Nelson
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heard that less than 200 IAM Fleet members put in for the buy out thing as of last week. A far less % than the other groups. My understanding is that most of the workers from stations being contracted out have opted to collect severance/unemployment and any possible govt training/educational assistance.
regards,
regards,
wings396
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That is correct, and you can retire from furlough once your benefits run out. In order for more people to have taken the buyout, there would have had to be more
$$$$, and it would have to be up front. Most true "Buyouts" consist of at least one years salary along with some other perks. Offering 17k in 3 installments over a 2 year period is hardly a deal.
$$$$, and it would have to be up front. Most true "Buyouts" consist of at least one years salary along with some other perks. Offering 17k in 3 installments over a 2 year period is hardly a deal.
The last info I had on ILM, perhaps 1 is considering EO, and so far as I know, none are staying to work for the vendor, and I believe none are accepting transfer.
They are taking furlough.
Says something when 50 year olds with 30 years seniority are hanging it up, rather than following the job to RDU.
The overrriding sentiment is the company is a goner; why beat a dead horse.
They have also considered that U will transmorgrify into some corporate transaction, and perhaps some jobs will be salvaged.
And said, screw it anyway.
Just like the company and the unions figured.
They are taking furlough.
Says something when 50 year olds with 30 years seniority are hanging it up, rather than following the job to RDU.
The overrriding sentiment is the company is a goner; why beat a dead horse.
They have also considered that U will transmorgrify into some corporate transaction, and perhaps some jobs will be salvaged.
And said, screw it anyway.
Just like the company and the unions figured.
robbedagain
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had the union negogiated a deal similar deal that the cwa got i think the outcome could have been different.
