Thread regarding HP (Hewlett-Packard) layoffs

Early retirement package

Anyone know the details on the package ?

Thanks

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| 2079 views | | 8 replies (last )
Post ID: @OP+13218MoS

8 replies (most recent on top)

The very last early retirement package at Xerox offered retirees a stipend for medical coverage. Icahn took it away. Be smart, start looking for income to pay for your medical insurance when Icahn's board takes over.

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Post ID: @6nby+13218MoS

I took the EER package 12/31/2019. They provided 2 weeks severance for every year of service up to total of 52 weeks pay + 3 years medical at current employee rates.

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Post ID: @6hya+13218MoS

Useful info from former employees at http://www.hpalumni.org/asap

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Post ID: @6psa+13218MoS

Retirement package? How dare your you think you're owed money you didn't earn?! That money belongs to the investors. Carl is coming to take what he thinks belongs to him. The unemployment line is good enough for wage donkeys that s— off the teet of the wealthy. Your new masters will show you how much you're worth when they take every benefit you have and demand to be praised and thanked.

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Post ID: @6dlm+13218MoS

How often do these sort of battles succeed? Will Xerox have the leverage to put their people on the board to force this thing?

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Post ID: @6rbh+13218MoS

You're too late. Xerox is about to gain control of the board of directors. If they succeed there will never be another retrement package offer. Go to the Xerox page on this site and take a look at the misery and pain that's destroying that once proud company. Sad days are ahead for HP if Icahn gains control.

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Post ID: @6dtl+13218MoS

Sorry ignore my previous post, that's for xrx.

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Post ID: @2hoq+13218MoS

The policy has been for the past year+ a week per year of service with a max of 12 weeks (I think some orgs had a max of 8.). No medical coverage. They had offered a bridge to retirement depending on your age, that would put you as an inactive employee for up to a year for the purposes of getting more service time. That was policy last time I checked the HR site.

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Post ID: @2rfr+13218MoS

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