Thread regarding Weyerhaeuser Co. layoffs

Weyerhaeuser Layoffs 2016

What is the likelihood of Weyerhaeuser layoffs in Federal Way in 2016? Please let me know if you have any information.

| 3079 views | | 2 replies (last February 10, 2016)
Post ID: @OP+Ejfvrap

2 replies (most recent on top)

Agreed, Weyerhaeuser has a history of frequent layoffs, and here is one reason:

Non-execs may get a few weeks of severance, but executives, if laid off receive(per SEC documents) :

1.5 years severance, yes 78 weeks

150% of their last annual bonus

$10000 lump sum

Regular employees getting laid off for the upcoming merger can expect 15 weeks severance, after 30+ years of employment.

Post ID: @1zsfz+Ejfvrap

Extremely likely,

With the CEO, Doyle Simons, announcing 100 million dollars in first year cost synergies after the Plum Creek and Weyerhaeuser merger in 2016, you can expect about 50-75 million to be in direct company layoffs between both companies. The remaining will come from merging systems and reducing benefits, across both companies, etc...

You can also expect synergies to come from decreased company paid benefits, increased cost to employees, and decreased company benefits in general. It has already been announced all Plum Creek employees will lose all future pension deposits from the company.

Post ID: @1zfpx+Ejfvrap

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