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Some bad news. We live in the mid west. two BILs have are either losing jobs or could.
1 of them received notice that they are offering buyouts. If the company does not get its quota, they will layoff people. He is 47 and worked there for about 27 years. He may survive this one. Someone in his dept took the package which means his dept is probably safe. He would have received 1 year severance. Too young to retire.
The other simply received notice that the location where he works is being closed and the company will layoff everyone. He is 55 years old and worked there are for 22 years. He will receive some severance... no retirement benefits.
Anyone else getting bad news.
The troubling part of this is long-time employees getting the ax at an age where it would be difficult for them to start over.
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Planned FIRE Summer 2011
Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.
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