Just got my wfr notice.
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March is almost over now, and I've heard nothing at our site about layoffs here.
I think that the layoffs have been forestalled (prevented) by all the dedicated HPE employees who have donated generously to the HPE PAC!
1 April 2019 is coming up very-very soon now! That would be a GREAT day (even far better than most) to donate to the HPE PAC!
"It was a good deal for some but being unemployed at 50 even back then could be precarious."
Especially in places like Ft. Collins. I knew of a few people who found work across the street at Intel, but beyond that it was slim pickings and often meant having to drive all the way to Denver for a job. Some slipped into semi retirement (especially if their spouse had a good job) doing contract work when they could find it.
I am often mystified at the prosperous face the city Ft. Collins presents, as quality employers are few and they seem to be endlessly laying off. I suspect that a lot of that prosperity is centered around the construction and housing bubble.
Yeah, I remember those. You could get a month of pay for each year of service up to 12 months plus 2 months on top (14 total.) You needed to be 50 years old and 15 years of service. If I recall your DPSP and RP funds where either frozen or transferred to you. I don't recall what happened with healthcare. I think it was as if you met the 55 year age and could get it at a discount unless you had 30 years then it was free (until HP started passing on any increases to the retiree.)
It was a good deal for some but being unemployed at 50 even back then could be precarious.
No telling what HPE or HPQ might offer for early retirement today. I think they dumped enough people that an EER isn't really needed any more.
They did a ramp down (phased) type if EER several years back but it wasn't a good deal if you planned on continuing to work. HP would tell you it would be a 3, 6 or 9 months ramp down at lower and lower pay. You couldn't really get another job during that time. If you were planning on stopping work, it was ok. Sadly, a few people asked for 3 months, got told it's 12 months (and too late to back out- once you signed on, HP picked the ramp down period) and then got told they had to stay another year or lose all benefits. It didn't go over well.
Alas, I doubt anything other than a normal termination will be offered any more.
"Those are long gone."
I remember an "early retirement" offer at the Ft. Collins site some 10 years ago. You didn't have to be that old for it to be offered. Of course "early retirement" didn't mean that they would fully vest your now semi defunct pension or anything that generous. IIRC a 5 figure lump sum was offered. I think most everyone who was offered the deal took it, as they expected that if they didn't take it that they would end up laid off anyway, and with a skimpier package. A great way to legally get rid of oldsters.
Those are long gone.
I recall that there was a VSI program in 1992. But it was voluntary and people were given generous packages.
I don' recall any mass layoffs between 1992 and the August 2001 bloodbath.
2001? Try 1992!
Are you guys sure about the WFR ? I would hold off my resignation to get the layoff comp.
WFRs have been happening regularly since the 1st big one in September 2001. No point in asking.
Nothing new but the continuation of the 3 years HPE next plan
Are you talking about the division that was spun off to MFI?
Sure, why not?