I wish they'd offer voluntary exit to all depts. Remember all that put in won't get selected for it. This would get older employees out of here. Leave more jobs open for the ones that need to stay. Just because it's offered in your area don't mean all will be selected for it. They can't let everyone leave that wants too or they would not have enough employees left. Sad but so true. If it's ever even offered to any area I'd be surprised. This place is all about sc--wing over it's employees. No pension for new hires is a better deal they can move jobs and roll it over no pension building tieing them here. Unfortunately SF doesn't contribute as much as a lot of employers. And our pension is not that great.
6 replies (most recent on top)
@a5 Must live in Bloomington if referring to Caterpillar. There are a lot of other places to work outside of Central Illinois which is basically a declining economy.
💯
Better than the HCL “opportunity” people received a few years ago. .
You must be a kool-aid drinker. It hasn't actually been offered to anyone yet. We will see.
@a1 If it's so toxic why don't you just leave? Clearly you've not experienced working for many companies. This is a tremendously generous plan. Most companies dont offer anything. Go work at Caterpillar and see how downsizing works and get back to us.If you want stocks invest in your 401k, you dont contribute to the pension which is a lifelong income stream. They do from time to time offer buyouts on pension to those who leave and not retired.
I wish they'd offer pension buy out at a fair price (the worth of it long term). I'd roll that into the stock market to earn more and have no ties to this toxic place when I leave.