Imamec.itsmyfault
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- Sep 2, 2002
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Now that the CWA has a tentative, and talk becomes cheap, I'm betting this vote count of 60/40 will be just about on the money. ONLY IN REVERSE! 60% yes, 40% no.
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Imamec said:Now that the CWA has a tentative, and talk becomes cheap, I'm betting this vote count of 60/40 will be just about on the money. ONLY IN REVERSE! 60% yes, 40% no.
And then all we need is 25% for the buyout!
Former ModerAAtor said:Check to see if the company is contesting unemployment claims (which I'm assuming they won't, but that's a dangerous assumption). If they're not contesting, there's no reason that someone taking a buyout wouldn't also qualify for unemployment.
I know that with our last buyout, the payments were stretched out over X months depending on your seniority (which determined the payment), and paid out on the same schedule as paychecks, i.e. someone with three months of severence got six bi-monthly payments on payday). It's a lot less of a hit to cashflow, although there is some risk should they shut down before the last checks are issued.
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