While L-3 is boasting about record booking and record sale they throw their employees sc-aps when it comes to merit increases. Their plan appears to treat the employees so poorly that they leave on their own and they will not have to pay a dime in severance packages. It was a very dismal salary increase this year. not sure if there will be layoffs since many of the people will leave or retire on their own.
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Basic strategy during a merger or sale of a company.
-You don't want to hire unless it is really needed prior to a sale/merger
-You don't want to add "cost" to merits if you are going to right size after a sale/merger, it will make your severance cost more in the long run
-Minimal merits if any are standard because during the process of a sale/merger it doesn't buy the companies involved any good will, just increases cost
-voluntary turnover is encourage to reduce cost and severance liability for the new company
Literally nobody cares anymore. Employees have gotten the message and just do the bare minimum. It's so sad to see what used to be a great place to work turn into something like a call center.
Just pack up the whole company and throw it away!