Thread regarding Allstate Corp. layoffs

Mutual Arb was not sent to everyone

Why would the mutual arbitration agreement not be sent to every employee at my site?

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Post ID: @11MtoA8w

13 replies (most recent on top)

Don’t sign it. This was product of of home office and HR being amazed 600+ employees across organization hate their company and continuous improvement and show up and work our @sses off in spite of that. I never planned or plan to sue but does company plan to be sued? [email protected] in downward spiral and wait to see what’s in store for 2020! Layoffs and outsourcing and stock options soaring!!!

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Post ID: @11MtoA8w-nmoq

Principle (the Principal is the guy that gives you detention) is great, but lawyers need to see damages (monetary) before they touch a case on a contingency basis. Otherwise, you’re out of pocket $500+ an hour. If you believe you’ve been damaged and can prove it, go for it. Not liking your manager, or CI, or Senior Leadership for that matter doesn’t pay attorney fees.

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Post ID: @11MtoA8w-ithd

: @11MtoA8w-1txy

I have never sued anyone or any entity but theirs something called principal? Did HR finally realize that is the 600 intranet posts about how much this company has gone down hill that that was the true measure of our feedback of this job? I’m amazed that HR is a tool of execs and not there to help employees- we had to prove our dependents were legitimate this year which I’ve never had to do in 30 years w company. I’m gone in year this place has gone so downhill and congrats u have demoralized loyal educated dedicated workers who can’t wait to leave and bad mouth the bad hands.

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Post ID: @11MtoA8w-ihpn

What business areas did not get the manadatory arb? I work in claims and received it.

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Post ID: @11MtoA8w-9ehs

A couple of fact based observations on senior executives “cashing in “ on claim department expense reductions; 1) Officers of the corporation are “blacked out” from trading in Allstate stock often throughout the year, primarily around quarterly earnings releases. Yes, if they have knowledge of long term strategies that might influence stock price they can benefit, but the SEC watches senior officers closely, and most of their stock sale/purchases are system program trades, meaning they’re programmed in advance for a trigger buy or sell price. 2) Any claim department reduction’s in force or efficiency gain strategies aren’t significant enough to move the needle on the stock price, unless it were thousands of employees, not hundreds. Allstate’s underwriting expense ratio is the highest of its competitors, so the analysts expect them to make cuts (and, TW has committed to), but moving a couple of hundred jobs out of Northbrook just won’t move the stock price.
Senior Officers aren’t getting rich by incremental claim department job reductions or relocations.

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Post ID: @11MtoA8w-7ohn

Here’s a site that purportedly shows some of the stock exchanges Allstate executives have been making. People claiming the “leadership” is screwing over the little guy to line their pockets may not be too far from the truth. Many of the exchanges coincidentally seem to line up with mass layoffs and other shady happenings. I know, corporate executives are greedy and only pretend to care about their loyal and hardworking constituents with lives to live and families to care for, big surprise there.

https://wallmine.com/people/53720/glenn-t-shapiro#complete-history

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Post ID: @11MtoA8w-7uzp

They destroyed raises pto dpa and now arb agreement. What’s coming is office closures in 2020 so Glen can get his stock options. I’ve worked for 30 years too and never seen company this bad in morale even worse then 2008 cya attitude. A colleague in claims said they added vacay to new hires and froze increases. Who does ken and Glen want? Millenials out of school get your resume or early retirement in line because company I have my life too has become awful place to work. In b4 HR or mgt snoops don’t go away mad just go away.

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Post ID: @11MtoA8w-6qyc

I wouldn't suggest signing it.

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Post ID: @11MtoA8w-1eqm

Question; How many of you were ever really planning on suing the company ? I worked for the company for over 3 decades at a very high level, and the % of employees who sues for any reason was less than .001%. I don’t know what’s coming, but just an observation.

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Post ID: @11MtoA8w-1txy

What do you think you will gain by refusing to sign it? If you don't sign it and continue to work at Allstate after Dec 2nd, you are accepting it by default.

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Post ID: @11MtoA8w-nqp

Don’t sign it!

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Post ID: @11MtoA8w-ifg

Emails containing the esignature link are being sent in waves.

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Post ID: @11MtoA8w-fvw

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