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Brown Cafe UPS Forum
UPS Partners
SRP for 54+ Age Group
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<blockquote data-quote="freeloader" data-source="post: 670508" data-attributes="member: 12163"><p>I would think the amount of the buyout offer would depend on a few different things such as grade level, department and years of service. Usually the buyout offers are rather generous and lucrative to the employee. There is almost always a catch though. The buyout offer may require the soon to be ex-employee to sign an agreement which covers a whole bunch of details like: ex-employee won't collect unemployment, ex-employee won't sue UPS, ex-employee will not disclose buyout amount, etc. It's probably a CYA measure on UPS's part - give employee some money and sign agreement, avoid potential expensive lawsuit in future.</p></blockquote><p></p>
[QUOTE="freeloader, post: 670508, member: 12163"] I would think the amount of the buyout offer would depend on a few different things such as grade level, department and years of service. Usually the buyout offers are rather generous and lucrative to the employee. There is almost always a catch though. The buyout offer may require the soon to be ex-employee to sign an agreement which covers a whole bunch of details like: ex-employee won't collect unemployment, ex-employee won't sue UPS, ex-employee will not disclose buyout amount, etc. It's probably a CYA measure on UPS's part - give employee some money and sign agreement, avoid potential expensive lawsuit in future. [/QUOTE]
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