Catatonic
Nine Lives
That's consistent with what I've heard over the past few weeks. There's a surprising amount of overlap in support staff roles and the rumor is that as many as 3500 will be offered buyouts before all is said and done.
Highly unlikely to be generous. The one article says that those getting buyouts don't handle packages and don't supervise people that handle packages. That would rule out quite a few of those 115,000 to 158,000 people they said work for Express.
But who do they want gone? They must have an idea of what it would take to get those people to take the buyout. It may not be generous, but it just may be enough to get their butts out the door.
If the OP really has seen an official letter, I would like to know the details. I am tired of the rampant speculation and would like to get on with it already.
UPS had a similar buyout in 2007 and the take rate was less than 20%.
If one was not eligible for early retirement at the date of severance, it was a rather poor offer.
Primarily, because the payout could not be rolled into 401k or IRA.
They came back in 2010 with a buyout aimed at people eligible for retirement.
That worked better.