So much dishonesty to Wall Street and the employees.
11 replies (most recent on top)
"Everyone is replaceable, including CEO, president, cto, svp, vp, ...."
Yeah, but is everyone replaceable at the same time? What we seem to have here is mass replacement.
"generous relocation" packages for vp and up
“ There will be packages for some employees with certain critical skills, but a pretty low number of jobs will be linked to a requirement for reimbursement. If we are all honest, most employee skills can be pretty easily replaced”
…Yes most can be replaced but special spin from execs for their friends and faves. This will be viewed as arbitrary and capricious. Some people being sponsored for exceptions have jobs that can be done by others and that can be proven easily by official job description.
The special treatment of permanent virtual will be very interesting and subject to scrutiny. If you know of some getting it and not you, keep their official job description and duties to show your lawyer.
I sincerely doubt it was a concentrated effort to trick people out of their benefits. They were trying to replace the people who took the package last year and have already gotten screwed out of some of those benefits already. Even without all this, I wouldn't have jumped from craft to management unless I had at least 15-20 more years of work. Given the environment, it would be ill-advised to have taken the offer.
Craft's severance and retirement benefits are far better than a management--lower management at least. With some contracts getting up to 2 years severance, that's well into 6 figures. Management tops at 6 months, so lower mgmt will get no where close to 6 figures for severance. Lower management always cringed when there were huge concessions to craft, cause all that meant was reduced benefits and higher deductibles for management the next year.
This reply is related to the union comment. I didn't make the comment but I'm responding . I was a non management employee for over 30 years . I was a surplus employee in 2022 and being forced to relocate to another city. In the midst of this In 2022 I applied for a received a generous offer into mgmt of 110k + bonus and I was told I would not have to relocate and could continue working from home. I really wanted to take this offer but the hold up retiree medical. Once it was determined that I would lose my non mgmt retiree medical I declined the mgmt offer. I was off payroll and retired by the end of 2022. I did have several non-mgmt coworkers that accepted the mgmt position and gave up their non-mgmt heathcare and a couple did not have to relocate . I found it very strange that At&T offered so many non-mgmt employees mgmt jobs. They were sending out emails to us constantly about applying for mgmt jobs. A lot of non-mgmt employees across the company went into mgmt and gave up their retiree Healthcare in 2022. I think that was the long term plan by the company to ger rid of more retiree healthcare payments. Now these same employees that gave up their Healthcare in 2022 are being forced to relocate I also am saying this to say non-mgmt has been dealing with the relocation issue for the last 15-20 years. It normally happens once a quarter This is the first time I am aware of this happening with management. The union employees commenting are doing so because this is the norm. With
my situation my mgmt 2nd and 3rd had the power to allow us to stay on payroll and not relocate but they didn't care and denied the request and forced a couple of us off payroll and into retirement. We were basically doing the same job and all working from home but the employees that went into mgmt were allowed to stay and we had to retire because we didn't want to relocate. I didn't go back and proofread so please ignore any typos.
For you union hacks getting pleasure from watching the fallout from the current management issues…your day is coming. You won’t be laughing when the sh-t hits the fan for you, and trust me, it shall. You reap what you sow. Don’t forget that. Good luck everyone.
The company has “generous” relocation services, Stankey said.
But they aren’t going to offer it!
Everyone is replaceable
but not everyone is easily replaceable.
play stupid games, win stupid prizes.
Standard contractual relocation pay is fairly significant. Wait. Do you not have a union contract?!?!?!
Everyone is replaceable, including CEO, president, cto, svp, vp, ....
There will be packages for some employees with certain critical skills, but a pretty low number of jobs will be linked to a requirement for reimbursement. If we are all honest, most employee skills can be pretty easily replaced.