[youbet]

Quote:

Originally Posted by hogtied I'm a front line Supr. with 28 years seniority. Your correct the company will only offer buyouts to downsize the salaried staff. The plant I am in looks like they will be downsizing in the next 12 months perhaps 5 to 10%.

In your position, I'd consider one year of pay or acceleration of retirement benefits equal to 5 + 5 (5 yrs seniority and five years of age) to be generous. Or it might be some combination of cash plus accelerated pension benefits.

Since the cutback is small (5% - 10%) of only the salaried staff, it's possible buyouts might not be generous and the selection process to not be voluntary. In your situation, I'd have myself prepared to go involuntarily and without a significant buyout. Then, anything you get will be upside.