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Wow, the big announcement at work today...
Old 11-17-2015, 02:28 PM   #1
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Wow, the big announcement at work today...

Bomb dropped at megacorp today, they are shutting down my entire product/mfg operation and moving it to the west coast. Oh and "your job will be gone next year, but here is a retention bonus if you agree to stay through the end of 2016". My "walk" date is/was 2/1/2017. "Oh but wait, you don't want to retire, you want them to let you go, so you can collect a 3/4yr salary severance". Oh, your end date falls a month short of your pension date? Don't worry, we'll cover that for you, you'll get you full pension amount.

Nice six figure "re-org" for me at work today. Sad though for hundreds of co-workers who are fretting their futures today....
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Old 11-17-2015, 02:33 PM   #2
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Hi doneat, congratulations! My wife is hoping for something like this.
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Old 11-17-2015, 02:46 PM   #3
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WOW. That is like a "only in my dream" kind of scenario. Congrats!


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Old 11-17-2015, 02:56 PM   #4
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Don't you love when stars aligned like that !!! Congratulations!!!
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Old 11-17-2015, 03:08 PM   #5
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Awesome news.

My wife's company recently announced mass layoffs (11% of the workforce). Unfortunately they are targeting high cost of living areas (primarily in Europe) and we don't live in one of those. There's still hope though I guess. She would get ~9 months severance if let go. She's ready to quit any time and may just do it anyway in January/Feb or once it warms up in the spring since the layoff and severance is speculative in her case.
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Old 11-17-2015, 03:12 PM   #6
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Congratulations. I got lucky, too, with a buy out when I was planning to go anyway, but I still have survivor's guilt for the people that got hurt.
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Old 11-17-2015, 03:12 PM   #7
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Pasteur said 'Chance favors the prepared wallet'.
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Old 11-17-2015, 03:54 PM   #8
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Congrats to you!
When it (the package treatment) happened to me a month ago I was elated. I had been doing the OMY thing for 4 years and didn't have the courage to make the jump myself. The severance pkg. gave me the jump off the diving board I needed.
I have been so happy (and busy) and notice all kinds of changes in my life!
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Old 11-17-2015, 04:18 PM   #9
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Bomb dropped at megacorp today, they are shutting down my entire product/mfg operation and moving it to the west coast. Oh and "your job will be gone next year, but here is a retention bonus if you agree to stay through the end of 2016". My "walk" date is/was 2/1/2017. "Oh but wait, you don't want to retire, you want them to let you go, so you can collect a 3/4yr salary severance". Oh, your end date falls a month short of your pension date? Don't worry, we'll cover that for you, you'll get you full pension amount.

Nice six figure "re-org" for me at work today. Sad though for hundreds of co-workers who are fretting their futures today....
parting gifts...
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Old 11-17-2015, 04:33 PM   #10
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That is truly a case of the stars aligning in your favor.

I held on for a package for 3 years... never came so I quit anyway. Wish I'd had your timing!!!

Congratulations.
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Old 11-17-2015, 04:53 PM   #11
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Excellent! Could you contain your glee in front of your coworkers?
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Old 11-17-2015, 05:00 PM   #12
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Excellent! Could you contain your glee in front of your coworkers?
It must have taken some real restraint to keep the "I just won the lottery!" grin off your face in front of all those folks who just had the rug pulled from underneath them.
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Old 11-17-2015, 05:09 PM   #13
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Wow. I was hoping for something like this for the last few years. It hit other departments, but never mine.

This forum is a good place to celebrate.
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Old 11-17-2015, 05:25 PM   #14
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Great news (for you) ! Enjoy the gift, and as others said keep the joy private. I'm sure some co-workers are less than happy right now. This is like that car commercial of the guy holding his baby when his team wins the football game; he gently hands the baby to his wife, quietly goes into his car, and then screams for joy.
Very happy for you.
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Old 11-17-2015, 05:29 PM   #15
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I planned to leave Megacorp by the time I was 50 and slow down. Well, they got me more than two years earlier, but with 6 months' severance pay in the bank and with all calculators predicting firm success with retirement, it turned out to be one of the best things that ever happened to me. But yeah, it sucks for the people who were screwed who really still need the job.
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Old 11-17-2015, 05:38 PM   #16
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Congratulations on the way things worked out!

I've seen this before and it's such a mixed bag/blessing.

Reminds me of my last day when the SVP of HR assigned a relatively junior HR person to do my exit interview ... and she kept saying "You're signing a severance agreement ... but you look so happy and relaxed ... I'm confused" She had no idea what was really going on and I didn't bother to explain it to her - not my problem anymore - but when she got to the checks and saw 2 yrs of pay and 2 months of accrued sick and vacation pay I think it began to sink in.

Best of luck to you in staying motivated and engaged during the transition. It may be tough to spend the year in shut-down mode with lots of negativity all around -- but keep your eyes on the prize and you'll be golden!
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Old 11-17-2015, 05:55 PM   #17
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While I have several years of working left to go I know the feeling of things working out very nicely. Its tough to keep that lucky feeling to yourself when others are having difficulty with the exact same outcome.

Either way, congrats!
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Old 11-17-2015, 07:03 PM   #18
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Congrats! But now you have to figure out what to do throughout January 2017.....


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Old 11-17-2015, 07:08 PM   #19
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Congrats! But now you have to figure out what to do throughout January 2017.....


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I would say party. But I saw those who stayed were bored... not much to do. And most did not do much work for the company. It was somewhat limiting looking for new jobs... but the OP is not looking for one.
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Old 11-17-2015, 08:28 PM   #20
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Congratulations. I wish I could have been laid off. I would have been eligible for up to 6 months of pay.
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