Reply to thread

Message

<blockquote data-quote="beentheredonethat" data-source="post: 126178" data-attributes="member: 4886">I haven&#039;t heard of a buyout for mgmt. I have heard they do plan on cutting back jobs at the supply chain unit. If they did a buyout I would think it would be there. In most districts, we can&#039;t get enough sales people and on road supervisors. So a buyout wouldn&#039;t make a lot of sense. Back in the 90&#039;s when they did it. There was a two part system. The VSB Voluntary Seperation Benefit. This gave you a certain amount of money based mainly on the number of years you were with the company. Something like 1 or 2 weeks pay for every year with UPS. Not sure on the actual numbers. The second part was the ERO - Early Retirement option. This was only given to people who took the VSB and were 50 years old or older. I knew a guy who wanted to take advantage of it, but he was 49 years, 50 weeks and 3 days old by the deadline.&nbsp; So he had to stay for another 5 years and a week and 4 days longer.</blockquote>

[QUOTE="beentheredonethat, post: 126178, member: 4886"] I haven't heard of a buyout for mgmt. I have heard they do plan on cutting back jobs at the supply chain unit. If they did a buyout I would think it would be there. In most districts, we can't get enough sales people and on road supervisors. So a buyout wouldn't make a lot of sense. Back in the 90's when they did it. There was a two part system. The VSB Voluntary Seperation Benefit. This gave you a certain amount of money based mainly on the number of years you were with the company. Something like 1 or 2 weeks pay for every year with UPS. Not sure on the actual numbers. The second part was the ERO - Early Retirement option. This was only given to people who took the VSB and were 50 years old or older. I knew a guy who wanted to take advantage of it, but he was 49 years, 50 weeks and 3 days old by the deadline. So he had to stay for another 5 years and a week and 4 days longer. [/QUOTE]

Verification