https://www.facethecompany.de/en/working-for-intel/
3 replies (most recent on top)
Why do you still want to work at Intel despite it being a bad company?
The most important reads on that website are about the works council. I can say that also in Nuremberg, the works council is a toothless tiger. When it came to topics like overtime hours, they make a big deal about it and act all strong and powerful, taking responsibility out of the employees‘s hands without ever asking them. But when it came to ACT and the many many instances of unethical treatment of employees (such as CAPs with a pre-fixed date when the employee would get fired), they did nothing.
One major reason why this bothers me is that several times over the years, upper management visited Nuremberg, and I had meaningful questions and comments, but I was drowned out by the loudmouthed works council members going on about stuff that everyone already knew. But when the time came to actually represent the employees, the works council was as useless as a white crayon. Suddenly, all those loud people became very very quiet.
But hey, they keep getting elected.
I have a correction to his blog post as the information isn't 100% accurate. He says "Buyouts: Employees will learn by April 25 if they are eligible for a buyout – either through “Enhanced Retirement” for some long-serving employees "
That quote was found on the first link I encountered @ https://www.facethecompany.de/en/intel-act-2016-worldwide/
The correction is.... you didn't have to be a long-serving employee for the ERP (Enhanced Retirement Plan). You simply needed to be ELIGIBLE to retire under any of Intel's retirement "rules'. Note that there are more "rules" than the one everyone knows... 'The Rule of 75'. While I don't know them all any longer... there's also the rule of 55 (age 55 + at least 15 yrs of service). However, there was one where you ONLY needed to be age 65 ( or maybe it was 60, or 62, but you get my drift). That rule didn't say you had to be a "long-serving employee". Just your age made you eligible to retire, and anyone eligible to retire was offered ERP back in April 2016.
Wow. Over 3 yrs already. Where does time go when you're having fun?? :)