Thread regarding Xerox Corp. layoffs

Why keep us on Furlough so long. When is an VRIF coming out.

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| 1812 views | | 5 replies (last November 13, 2020) | Reply
Post ID: @OP+17Tkd5Ce

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Senior management doesn't care about the employees on furlough (or any of us in general), they are solely focused on share holder value / EPS. They can / will keep you on furlough for up to a year and then cut you loose, for next to nothing. There hasn't been a VRIF offered to the general work population since Icahn's takeover and many people have been let go or walked out the door since they started "managing the company", so thinking management is going to suddenly be benevolent to you / wishing for a VRIF package is delusional.

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Post ID: @1tep+17Tkd5Ce

VrIFs are a thing of the past people. Furlough is the sneaky corporate way of getting away with not paying you. The government pays you. They are banking that you’ll give up and leave. And eventually they will tell you your job is no longer needed and they don’t have to pay you a dime.

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Post ID: @1lzk+17Tkd5Ce

There will be no VRIF's. We have a better chance of getting a suitcase full of cash hand delivered by Icahn himself than a VRIF happening.

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Post ID: @sqh+17Tkd5Ce

Furlough costs them nothing unless you have a catastrophic illness that goes beyond your maximum Out of Pocket. And for the most part that would be a rarity and that is what they are banking on even when they are self insured for the medical. The older people (which seems to be the majority) for the most part are already set to go on retirement and that group can hold on until all the managers etc are dead and gone. It comes down to taking full benefit of unemployment payouts (most are 26 weeks plus a possible 13/20 weeks additional) etc. I hated doing that and swore I would never take a dime of unemployment but end result is I have been paying into that insurance for a long time. The younger guys are their target for moving on. If you have 3 or more years before retirement and haven't saved/planned for it then they know it's just a matter of time before you move on for financial reasons. There was an email sent by my manager at the 3 month point, and the 6 month point will be here in less than a week. I suspect all of us who started this adventure in middle May will get a 6 month update shortly. Vrif...doubtful to zero...Irif possibly with the max 2 months severance package just to get you off the books before the end of the year. Then again, there isn't a law saying that have to do severance. Xerox says severance is to help tide you over until you find something else to do...REALITY is they pay you severance to keep you from bad mouthing the company and any possible law suits that come down the road.

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Post ID: @cik+17Tkd5Ce

VRIF, don't keep your hopes up. They would rather keep you on furlough and have you decide to quit because you need to pay the mortgage and food on the table! Sad!

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Post ID: @bud+17Tkd5Ce

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