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Buyout Q&A, Jan.22nd Update
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<blockquote data-quote="vantexan" data-source="post: 1085723" data-attributes="member: 24302"><p>Most likely some will see it as you describe. They would, however, get unemployment if let go, and they may not be let go for several more years. It's a crapshoot, but still I think most older employees will try to hang on as the job market is pretty slim pickings and a lot of people are vying for the better jobs out there. I wouldn't characterize the company as desperate. They are trying to go from profitable to more profitable to impress Wall Street. One thing is for certain though, if they are counting on attrition to reduce courier ranks in this economy I think they are going to end up with too many couriers getting free money from them in guaranteed pay. If we become a strictly, or even primarily, overnight service then there won't be enough work. They can either layoff people and pay unemployment or reduce our ranks with buyouts. And I bet most who take the buyout will be mid-range employees because we truly have no future here. That's not necessarily a bad thing as they can replace retiring older couriers with newhires and with a reduced mid-range force they'd have lower paid employees for many years to come(not bad from their perspective that is).</p></blockquote><p></p>
[QUOTE="vantexan, post: 1085723, member: 24302"] Most likely some will see it as you describe. They would, however, get unemployment if let go, and they may not be let go for several more years. It's a crapshoot, but still I think most older employees will try to hang on as the job market is pretty slim pickings and a lot of people are vying for the better jobs out there. I wouldn't characterize the company as desperate. They are trying to go from profitable to more profitable to impress Wall Street. One thing is for certain though, if they are counting on attrition to reduce courier ranks in this economy I think they are going to end up with too many couriers getting free money from them in guaranteed pay. If we become a strictly, or even primarily, overnight service then there won't be enough work. They can either layoff people and pay unemployment or reduce our ranks with buyouts. And I bet most who take the buyout will be mid-range employees because we truly have no future here. That's not necessarily a bad thing as they can replace retiring older couriers with newhires and with a reduced mid-range force they'd have lower paid employees for many years to come(not bad from their perspective that is). [/QUOTE]
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