is this insane or am i

[jinman]

Take the pay cut, take the severance, cash the severance and find another job.

Okay, at least two of us are thinking alike.

 

[oldnslo]

I was in this same position about ten years ago when the company I was working for went through a "buy out".
IF you didn't apply for a position with the new company you lost all severance packages and were considered quit so no unemployment option.
If you applied and were offered a position and turned down the offer you again lost all severance and unemployment.
If you applied and and were not considered for a position tehn you received severance and unemployment.

This was a company spread across four states and affected an unknown number of employees. The vast majority took the new job offer until a better job showed up. Seems to be much easier to find a job when you are employed Vs being unemployed.

Best of luck on a bad situation.

 

[300UGUY]

Think of it this way, she's probably competing with another person and another government in some part of the world who will do the same job for 1/10 of the pay. Add some shipping, forget power and rail costs, subsidized health care, taxes, property taxes, taxes on profits, taxes on Texas, tacks on excess, and taxes on cesses. Don't mention evironmental rules and regulations and of course union contracts and the game should be pretty clear. Take a step back and look thru all the posts on this forum concerned with not wanting to pay dealer costs for product and parts. Instead buying Nigerian, Chinese, Russian, Korean, Indian, Pakistan, Beluchastan, Palookastan, Bananastan and Candystan made tractors and implements, and you should get the feeling on how few members give a thought to the impact of their purchase decisions. When their ox gets AlGored, they whine like a aerated hydraulic pump. But when they go shopping, the price is everything. Screw their neighbor. BTW, guess how many countries came to the aid of hurricane Sandy victims...

Anyone know where I can get an oil pump for a North Korean made 1 wheeled tractor that runs on ant feces? Got me a deal direct shipped from the People's Kaching Prison, Barbed Wire, Land Mine and Tractor factory...

Yup. Everybody is in favor of "free" trade until it bites them....

 

[MossRoad]

Okay, at least two of us are thinking alike.

Yep! :thumbsup:

 

[CobyRupert]

Take the pay cut, take the severance, cash the severance and find another job.

- Winner winner chicken dinner!

 

[LD1]

The "severence" is a voluntary offering from the company. "Good will" on their part.

BINGO. They dont have to offer her anything at all other than a 2 month notice. Just like vacation and retirement. They are benefits that are NOT guaranteed. Yea, loosing a job sucks. But at least they are offering the severance and potential employment.

On a side note, as far as UE is concerned, if the pay-cut is unreasonable, I think she will still be entitled to the benefit. Cause at least in OH, when unemployed, you can state a wage for which you wont work for less. BUT...it has to be reasonable. IE: if you make 25/hr, you cant state that you wont work for less than 30. So in her case, lets say she makes 25, and new company offers 21-22, I think she has to take it or forfeit the UE. BUT, if she makes 25 and they come in and offer 14, I think she is still entitled.

Take the pay cut, take the severance, cash the severance and find another job.

BINGO. Just be sure to read the fine print on the severance and how long you have to work for the new company without forfeiting the severance.

 

[Egon]

Yep! :thumbsup:

That may be good.:thumbsup:

Then again that may be bad!

 

[MossRoad]

Please elaborate...

 

[nybirdman]

Got to love them "Right to work" states.Employers can do what they want.

 

[Car Doc]

Is the severance a guarantee no matter what or just if nobody buys the sinking business out? If it was a guarantee and she still had a job doing the same old thing at less money its not a total loss. Id maybe have her take some time off after she gets the severance and go look for another job whats she got to loose?

edit: I see where Moss and I think alike on this situation! :thumbsup: