Thread regarding Intel Corp. layoffs

In today's online meeting, they described the VSP option as a BOUNDED VSP. This is the first I had heard that for this round of actions.

Last time they had a bounded VSP, they only had it open until a certain number accepted it then they closed it down. Is that happening this time? I am just wondering why before today I had only heard VSP, but today I see bounded VSP on the corporate slides.

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| 2909 views | | 9 replies (last April 28, 2016) | Reply
Post ID: @OP+H8ElgWl

9 replies (most recent on top)

DupontGoingbyby

Whats the latest on Dupont? ISP numbers? When do they give final relocation package? Are they encouraging the VSP or not? I heard they are giving retention bonus. True?

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Post ID: @foe+H8ElgWl

Me again. I figured out it's not the webcast site, but the Virtual Conference Center (which I can't stand and avoid stuff there. Oh well). I didn't see it listed there either. :( Woe is me. lol

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Post ID: @pnn+H8ElgWl

I heard lastime PEG did actually accept past the target amt

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Post ID: @cfv+H8ElgWl

Me again (@rnf). I thought I'd get smart and to to webcast.intel.com and check there. I don't even see tomorrow's listed there so that didn't work. I wonder how you're able to access this evening's and not me.

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Post ID: @rwk+H8ElgWl

Thank you @DupontGoingByBy.

Hmmmm.... I don't see a way to join this evening's meeting which I'd prefer over tomorrow morning. All I see is a link to tomorrow mornings meeting on the ERP site, not both. Do you have an Intel specific link to post here (so non-Intel folks won't be able to access it if they try). I don't see a way to speak privately on this site.

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Post ID: @rnf+H8ElgWl

I have never heard or seen the term bounded used with the enhanced retirement plan (ERP). 3 or 4 years ago Intel had a bounded VSP option. I don't remember the exact numbers. The bounded part was that they will shut it down when a certain number of people have accepted it. So say the number was 1000 people. They might have offered 2000 people the VSP but once 1000 had accepted it they shut it down so the other 1000 couldn't accept it. There is a meeting tonight at 9pm and tomorrow morning I think at 9am. I will have to ask the question.

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Post ID: @yrr+H8ElgWl

What is a bounded vsp

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Post ID: @zcx+H8ElgWl

I'm not seeing that wording for the ERP. Do you happen to know if it too is bounded? Thanks.

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Post ID: @nos+H8ElgWl

sounds like people should think twice before following other posters' advice to "wait until June to accept" ...

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Post ID: @zjw+H8ElgWl

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