downsizing
Thread Starter
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Cargo Master
Joined: Aug 2000
Posts: 2,931
Likes: 12
From: SW Michigan
downsizing
Wow, fifteen years of loyal service, and now at only 40 yrs old, out of a job. The human resources person says I get paid till the end of today, and for the next two weeks, as compensation for not having any notice. At least no official notice. When the company I used to work for started building a new factory in another state with much lower labour costs, those of us who were awake new this would happen someday. I probably spent most of today looking at my alledged severance package, while trying to deciede what to do next. I did dream about retiring early, but not like this. It would have been nice to be able to save more first, I don't think my meager 401K is going to take me very far. :-( :-( I guess I don't have any excuse now not to look for a better job. DF
Senior User
Joined: Apr 2001
Posts: 137
Likes: 0
downsizing
> Wow, fifteen years of loyal
>service, and now at only
>40 yrs old, out of
>a job. The human resources
>person says I get paid
>till the end of today,
>and for the next two
>weeks, as compensation for not
>having any notice. At least
>no official notice. When the
>company I used to work
>for started building a new
>factory in another state with
>much lower labour costs, those
>of us who were awake
>new this would happen someday.
>I probably spent most of
>today looking at my alledged
>severance package, while trying to
>deciede what to do next.
>I did dream about retiring
>early, but not like this.
>It would have been nice
>to be able to save
>more first, I don't think
>my meager 401K is going
>to take me very far.
>:-( :-( I guess
>I don't have any excuse
>now not to look for
>a better job. DF
>
it's the government, better call in the militia!!
>service, and now at only
>40 yrs old, out of
>a job. The human resources
>person says I get paid
>till the end of today,
>and for the next two
>weeks, as compensation for not
>having any notice. At least
>no official notice. When the
>company I used to work
>for started building a new
>factory in another state with
>much lower labour costs, those
>of us who were awake
>new this would happen someday.
>I probably spent most of
>today looking at my alledged
>severance package, while trying to
>deciede what to do next.
>I did dream about retiring
>early, but not like this.
>It would have been nice
>to be able to save
>more first, I don't think
>my meager 401K is going
>to take me very far.
>:-( :-( I guess
>I don't have any excuse
>now not to look for
>a better job. DF
>
it's the government, better call in the militia!!
Post Fiend
Joined: Feb 2000
Posts: 5,130
Likes: 8
From: Brea CA
downsizing
DF, I’m real sorry to hear about your layoff. If your company hires some young whippersnapper at half the rate to replace you, that’s age discrimination. You could sue them but it usually means relinquishing your severance package.
Fifteen years is nothing to sneeze at, you should get at least a letter of recommendation from your boss, ask for one. Maybe your HR department has an outplacement service for everyone affected by the downsizing. They should also help you with the options for your 401K package.
Again, am sorry to hear of your job loss. Good luck and I bet you’ll find something even better. How about a machine shop – FE’s only!
Barry
Fifteen years is nothing to sneeze at, you should get at least a letter of recommendation from your boss, ask for one. Maybe your HR department has an outplacement service for everyone affected by the downsizing. They should also help you with the options for your 401K package.
Again, am sorry to hear of your job loss. Good luck and I bet you’ll find something even better. How about a machine shop – FE’s only!
Barry
Thread Starter
|
Cargo Master
Joined: Aug 2000
Posts: 2,931
Likes: 12
From: SW Michigan
downsizing
Barry, I have three references from work already, there is out placement service, and I am going back to see the HR people about my 401 plan later this week. But first I am going to call the machine shop where I have done part-time work and ask how busy are they? Frequently they let me do the FEs, because noone else wanted to work on the old dinosaur engines. Suited me just fine. DF
Posting Guru
Joined: Dec 2000
Posts: 2,321
Likes: 0
From: Western Colorado USA
downsizing
You might want to investigate the legality of your termination. I read an article about this awhile back and of course can't remember where (CRS) but companies of a certain size are required to give adequate notice or else offer 3 months(?) comp pay. Since the place I work is too small to qualify, I didn't pay much attention to it. Good luck!
alanscott
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alanscott
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Fleet Owner
Joined: Jun 1999
Posts: 24,552
Likes: 74
From: Creedmoor, North Carolina
downsizing
DF, Hate to hear your news, Keep your chin up, a man with your talent should put a set of headers and a big four barell on and be working again in a few days. ;-)
Good luck man.
John
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66F100s Rule
In the cool still quite of night you can hear chevies rusting away.
Good luck man.
John
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In the cool still quite of night you can hear chevies rusting away.
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Elder User
Joined: Oct 1999
Posts: 917
Likes: 3
From: Kelseyville USA
downsizing
Iam not going to say its easy ...BUT maby something good will come your way.
I had a back injury at 48 yrs old and CAN`t work SO...
(wife does work) Ok, i had to lay back for a while and am now just going to help my self (who else will anyway)
I went to local colledge and now have passed the Calif State Notary Public test... State cert is on its way!
I have read the thread here and I just have a feeling that something will come your way!! I usually don`t respond to this kind of thread ..Maby since i have been through it my self.. Ya Know..
Lots of guys here nees FE work SO take the lead and ASK...
Start something on your own ...You may be surprised what can happen
__JOHN__Õ¿ö
FTE Club #7
Member-
http://www.cruisin-north.com/
Santa Rosa, Calif.
72 F-250
ICQ#6030753
http://www.ford-trucks.net/users/jbhf250/
https://www.ford-trucks.com/pictorial/big/1972_f250_2.html
I had a back injury at 48 yrs old and CAN`t work SO...
(wife does work) Ok, i had to lay back for a while and am now just going to help my self (who else will anyway)
I went to local colledge and now have passed the Calif State Notary Public test... State cert is on its way!
I have read the thread here and I just have a feeling that something will come your way!! I usually don`t respond to this kind of thread ..Maby since i have been through it my self.. Ya Know..
Lots of guys here nees FE work SO take the lead and ASK...
Start something on your own ...You may be surprised what can happen
__JOHN__Õ¿ö
FTE Club #7
Member-
http://www.cruisin-north.com/
Santa Rosa, Calif.
72 F-250
ICQ#6030753
http://www.ford-trucks.net/users/jbhf250/
https://www.ford-trucks.com/pictorial/big/1972_f250_2.html
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Senior User
Joined: Jan 2001
Posts: 199
Likes: 1
From: Valley, NE
downsizing
Dinosaurfan, I was laid off once, and thought it was the worst thing that could ever happen to me. I got really down and felt useless. But I got into something I really liked doing, and now am self-employed, and have more work than time.
When I look back at that job I had, I wonder why I ever stayed as long as I did! There is a great deal of opportunity in our country for someone with a talent, and a willingness to work. Keep your head up, good luck. Greg58
When I look back at that job I had, I wonder why I ever stayed as long as I did! There is a great deal of opportunity in our country for someone with a talent, and a willingness to work. Keep your head up, good luck. Greg58
Logistics Pro
Joined: Feb 2000
Posts: 3,565
Likes: 9
From: Sun River St. George
downsizing
DF! I changed careers at 42, never looked back. Best thing that happened to me. Get the book "What Color is Your Parachute" Maybe now is the time to move to L'Anse.
William in Atlanta
William in Atlanta
Elder User
Joined: Dec 2000
Posts: 632
Likes: 8
downsizing
It's a shame so many companies are moving out of the US, especially just over the Mexican boarder. I live in an area where many businesses are going under, as well as some major places "downsizing". Makes everyone on edge! Best wishes on the job search, something will turn up.