Former COP North Sea employees still get a better deal than most. They can retire under early retirement rules for 55 and up and 65, they just can't get early 60 retirement benefits after sale. Makes very little difference but something to complain about.
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Meanwhile, in Houston, each retirement from the ELT or Leadership Forum is managed as a severance, invoking a special three-year enhanced severance package. We used to treat employees as family, now management takes care of their own, and considers everyone else overhead to be reduced.
It’s called Smart Growth, Superior Returns, and SPIRIT Values. It’s not just what we do, it’s how we do it!
Sickening. Sadly, this is just business as usual for greedy corporations. What’s this talk of retiring at 65? What company hasn’t shown you the door before 55, or even 45, to keep G&A down and minimize retirement benefits? Seems it’s a race to the bottom right now.