For 25 years I had long term insurance through Merck and now in 2 months they are going to up the premiums by 95.5% And I always thought they were a great company to work for. Times are changing and companies don't care anymore. Get smart and understand what's going on - no more loyalty...
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I agree 100%. I worked at Merck for more them 3.5 decades when my position was outsourced. I was able to keep my job with the company who took over my responsibilities, at a slightly reduced salary . After working for the new company for 2 years they were instructed to reduce their budget by 15%. Guess what, since I was a long term employee my salary was deemed high, I was one of the first to be cut. I was always told, work hard do a good job and you will be rewarded with promotions and pay raises. However, when reductions in work the force and budget cuts have to be made, people (not necessarily executives) whos salary is deemed high are the first to be cut. Loyalty, from both sides of the fence do not exist today.
Merck stopped being a good company to work for years ago. It is all about the bottom line.
Find me one company that's loyal to its employees