I don't want to see anyone lose their job who doesn't want to lose their job but most of my coworkers and I hope to be declared surplus 9/15 or asap because we want the generous termination plan per our CWA/T contract, which is up to two years pay. So many of us are so ready to retire. We're not unhappy or disgruntled workers, and we're not going to just quit or retire, we're just going to stay working until there is a package because so many of our friends/coworkers have got it in the past and it's usually offered every three months. We just want it too, and getting paid for two full years like a two year paid vacation will be an awesome and satisfying way to end our T careers before turning on our pensions, 401Ks and social security. We're happy to be anticipating the inevitable VTP.
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Simply riding out the last 2-3 years here at T, it would be nice If I made 30, but I'm fine either way. Hoping to get surplussed. I could really care less about T anymore. Lower level employees get micromanaged down the the cent, while the C-suite types blow billions. Whatever. Hypocrites.
VTP is the same as the Involuntary termination plan which is up to 104 weeks (or as the OP correctly wrote: two years) and per the Leg T/CWA contract, it happens almost every 3 months, the next being September 15th. Like the OP. I also want the VTP as does many of my coworkers as well. Most of us want to retire while we still have the sweet termination package. Many of us are just waiting for the package that we know is naturally coming.
The two year option will never be offered
Read your contract
The CWA/Leg T contract does not have options for the company to choose from. Anyone with 30 years of service gets 104 weeks of severance when they are laid off. We have all read it. We all know people who took offers before and got it.
We will never give out 5/5/5. This is not Hydenomics here.
There will never be a 5/5/5 offer. Get over it.
There's no need to worry about this folks!! VTP is gonna look small compared to the 5/5/5 offer that's coming!! MANIFESTING!!!
Yes it is in our contract out here in Dist 9
Never seen it offered
One year pay? Yes
One year pay plus 25K? Yes
The two year option will never be offered
Read your contract
Or contact a local pizza eater, I mean union rep
Buyout offer in 2020 - Bell South Craft - was 50 K plus what ever SIPP each tech qualified for ( roughly 1 K for every year worked ). Most who applied for offer had already qualified for retirement under MR 75. Had one coworker who had already announced his retirement before offer was announced. He applied and was approved.
Was told years ago that a major drawback to being management for BS was that your paycheck was apt to move to a new location without notice and if you wanted it you had to go where it was. It’s been like this for decades and for those affected by the current RTO / surplus fiasco, I feel for you. I was surplussed 6 months into my BS career and rehired 24 months later. Now 22 years later and qualified to retire under MR 75. The 2 years away from BS was truly an answer to prayer that didn’t feel much like it the day I got the call. To those who’ve already been let go or have an off payroll date pending, don’t let discouragement get you down. Get busy doing what you need to do and if looking for another job, you may have to take what you can get depending upon your situation. It’s easier to find a job when you already have one. Keep praying, keep climbing and years from now you might look back on this as a blessing.
If you are still on payroll, keep doing what you’re paid for. You must get some satisfaction from your job or you wouldn’t be here. We are all here in our given rolls to provide customer service in one way or another. You just might make someone’s day today. If this is you, start planning for a layoff yesterday. Plan accordingly with your finances. Have an emergency fund, and get out of debt as much as possible. If you want more than 6 months severance pay, set up your own severance account. There are some descent interest rates available now in some fairly accessible savings options. If you should make it through this and stay long enough to actually retire from T, It’ll be a nice addition to your retirement package.
FYI - I am craft, never paid dues to CWA. Unions served a useful purpose at one time and could still if they weren’t so self serving. The CWA exist though and T is forced to deal with them for now. As long as most craft feel they have no other option and in some states they don’t, then the dues will keep rolling in.
How are you going to explain 2 years of work absence?
No wonder the company is going belly up! Two years severance??!!
I hope you all get it. If you want it.
No manager severance is 6 months pay. Those days were years ago.
Craft is always getting hit with layoffs. Managers are finally noticing because they are getting laid off, their work rules and locations are changing too.
It sounds like you’re craft. Is Craft about to get hit with a surplus also?
2 years would be a union Leg T or older baby bell employee and that includes unused vacation time. Midwest D4 Core has already extended their contract recently with the same work and severance rules.
Managers your frustration and anger is misdirected. The company leadership are the ones who changed severance policies for you, because they can. I remember many years ago when managers also had years severance. Unfortunately you don’t have a contract like the C-suite or Union.
Management people didn’t care when union employees were getting surplused every 3 months for years on end, now they are acting surprised when the company is coming for them. T hates all of us equally, but the represented employees just learned it sooner.
Why are managers that have been written up for COBC violations being kept on the payroll and not subject to surplus notifications?
Lmfao you guys think they are going to pay you to leave??? Nope. They are going to show you the door when the contract comes up and pay you nothing. Then come back with contract labor like all the lower cost structure companies do it.
T is trying to use contractor & overseas workers where they can so they may end up taking your jobs.
They certainly aren’t backfilling those jobs!
Best of luck to you!
Union severance is a load of cr-p. Two years? And management gets six months max, plus less benefits, pay, etc? Good riddance.
Contract for the OP is actually up in 4/26. It will probably be extended another 3-4 years after that like it is every time.
You are free to keep working until 2024 when union contract securities expire and you are shown the door. Do you really think T can afford the packages available in the past? Managers are currently taking the brunt of layoffs. Union cuts are coming.
Looks like poster is union so packages may be different for them.
Severance for union members is up to two years depending on what contract you have and your seniority. 6 months is for management.
The people that always go around saying they’ll leave for years on end if they just get an offer never do. If that offer does come, they’ll just find an excuse not to take it and will swear to do it the next time it comes around.
Severance is max 6 months. Sorry to tell you