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Buyout Q&A, Jan.22nd Update
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<blockquote data-quote="vantexan" data-source="post: 1085789" data-attributes="member: 24302"><p>Maybe they would offer a financial incentive to resign from Express and work for Ground? And if they suddenly had a rash of 3 warning letters and you're out it would most likely result in a huge class action lawsuit. And the fired employees would still get unemployment. Layoffs would involve the least senior and unemployment, might as well offer a buyout. Knew a courier who went to Freight. He was required to resign from Express and go through the hiring process at Freight. With the RLA doubtful it could be done anyways. I certainly don't blame anyone for taking it, but when push comes to shove the better paid employees with 5 weeks of vacation are going to hang on for the most part. Especially if they have mortgages, car notes, kids in college, credit card debt. If they are lucky enough to live in an area with good opportunities for people in their 50's, maybe. If they have minimal financial requirements, have savings in the bank, are close to their pension starting, very possible. My bet is on those that have 10+ years with no hope of catching top-out. They are most likely to be willing to take the chance as they have little to lose. Especially if in their 30's with no or very small children and a spouse working.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1085789, member: 24302"] Maybe they would offer a financial incentive to resign from Express and work for Ground? And if they suddenly had a rash of 3 warning letters and you're out it would most likely result in a huge class action lawsuit. And the fired employees would still get unemployment. Layoffs would involve the least senior and unemployment, might as well offer a buyout. Knew a courier who went to Freight. He was required to resign from Express and go through the hiring process at Freight. With the RLA doubtful it could be done anyways. I certainly don't blame anyone for taking it, but when push comes to shove the better paid employees with 5 weeks of vacation are going to hang on for the most part. Especially if they have mortgages, car notes, kids in college, credit card debt. If they are lucky enough to live in an area with good opportunities for people in their 50's, maybe. If they have minimal financial requirements, have savings in the bank, are close to their pension starting, very possible. My bet is on those that have 10+ years with no hope of catching top-out. They are most likely to be willing to take the chance as they have little to lose. Especially if in their 30's with no or very small children and a spouse working. [/QUOTE]
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