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Anyone see official Buyout letter today ?
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<blockquote data-quote="Ricochet1a" data-source="post: 1008170" data-attributes="member: 22880"><p>This is just public confirmation of the "scoop" that came out a couple of months ago.</p><p></p><p>NO BUYOUTS for operational employees - ESPECIALLY wage employees (good ol' attrition will happen there...). The buyout will be TARGETED at salaried support staff, primarily in Memphis. There won't be any sort of "formula" (years of service plus age), but rather buyouts will be offered to targeted positions whose job function is seen as being unnecessary or un-cost effective. </p><p></p><p>They'll make a further announcement in October, but this announcement is what I hinted at about a week ago (Memphis is "buzzing"). </p><p></p><p>What wasn't stated (but is obvious) is that employees who are in targeted positions who DON'T take the buyout, will be forced to find another position in Express in a non-targeted position (position that will not be eliminated), or else get the ax. This is going to be a repeat of the 2004 reduction where people who are occupying positions that are targeted for elimination will need to either get out (take the buyout) or find an open position elsewhere in Express (most likely in an operational level position) - or get laid off at some unspecified point in the future. </p><p></p><p>And yes, Express has laid off salaried employees before, the "no lay off <em>philosophy</em> only applies to wage employees.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1008170, member: 22880"] This is just public confirmation of the "scoop" that came out a couple of months ago. NO BUYOUTS for operational employees - ESPECIALLY wage employees (good ol' attrition will happen there...). The buyout will be TARGETED at salaried support staff, primarily in Memphis. There won't be any sort of "formula" (years of service plus age), but rather buyouts will be offered to targeted positions whose job function is seen as being unnecessary or un-cost effective. They'll make a further announcement in October, but this announcement is what I hinted at about a week ago (Memphis is "buzzing"). What wasn't stated (but is obvious) is that employees who are in targeted positions who DON'T take the buyout, will be forced to find another position in Express in a non-targeted position (position that will not be eliminated), or else get the ax. This is going to be a repeat of the 2004 reduction where people who are occupying positions that are targeted for elimination will need to either get out (take the buyout) or find an open position elsewhere in Express (most likely in an operational level position) - or get laid off at some unspecified point in the future. And yes, Express has laid off salaried employees before, the "no lay off [I]philosophy[/I] only applies to wage employees. [/QUOTE]
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Anyone see official Buyout letter today ?
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