Anybody has more info on the potential takeover of CSC?
5 replies (most recent on top)
what right thinking company would even consider buying this sinking ship?
CSC sale rumours have been around for a while, nothing materialized.
Almost the entire India units will be lay-off by August 2014. Friday will be last day for 2000 this week. Another 2000 next week.
Table of Contents
Background ............................................................................................................................ 1
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Purpose: ........................................................................................................................ 1
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Strategic Actions Will Accelerate Our Process and Realize Results: ............................. 1
Employee Frequently Asked Questions: .............................................................................. 2
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Why is this happening? ................................................................................................. 2
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What are the business benefits to co-locating staff in a Delivery Center? ...................... 2
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What Delivery Centers are identified for receiving employees as part of the co-location strategy? ...................................................................................................................... 2
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How do we know how to be of value to CSC? ............................................................... 3
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Do all of the Pods have the same basic components of the support structure? ............. 3
(i.e., Are each of them the same in each location or do they have particular areas of specialty?) .................................................................................................................... 3
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Are you anticipating a gradual shift (i.e., replacing departed employees with new ones in those centers)? ............................................................................................................. 3
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Will we be closing the Delivery Centers throughout the rest of the United States? ........ 3
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What is the expected timeframe for the co-locations to occur in the United States? ...... 4
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Are you only deploying the co-location strategy within the United States? ..................... 4
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Will I be required to relocate to one of those areas to keep my current position? ........... 4
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Will CSC offer relocation assistance to those required to relocate? ............................... 4
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What happens if my role is not identified to relocate? .................................................... 4
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Why was I impacted and not others? ............................................................................. 4
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How can I find out about other CSC opportunities? ....................................................... 4
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Will there be a list of positions for each Center made available for support? ................. 4
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Which skills are considered to be most valuable? .......................................................... 5
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How do we apply to assure we are considered for positions in the POD? ...................... 5
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How, when and from whom will we receive updates with regard to PODs and Co-location activities? ..................................................................................................................... 5
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Which Delivery Center is being chosen for my account? ............................................... 5
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If I receive a layoff notice but find another job within CSC, what happens? ................... 5
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Have the clients been notified? ...................................................................................... 5
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How will I know if I am required to co-locate in a Delivery Center? ................................ 5
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What does this mean for remote workers in support of clients not identified in Waves 1, 2 or 3? ............................................................................................................................. 6
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What does this mean for workers who support clients from client sites? ........................ 6
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Does this mean that remote workers will need to relocate to the Delivery Centers if they want to keep their job? ................................................................................................. 6
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How are the selections being made? Who is making the decision? ............................... 6
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When will I be notified? .................................................................................................. 6
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How many employees are affected by this strategy? Relocation? Termination? ............ 6
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How will the work get done if I chose not to relocate? .................................................... 6
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Am I expected to train someone to do my current job? .................................................. 6
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Will there be more information on job titles, responsibilities and training opportunities? 6
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Will training opportunities be made available to all employees, or will they be extended to only select employees and new hires? ......................................................................... 7
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If I am willing to be re-tooled, can I find another job in CSC where I would not have to re-locate?.......................................................................................................................... 7
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Who should I contact if I have any questions? ............................................................... 7
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What if I accept the position (even though I don't know what salary I will receive), and when the day comes to start in TX, I decide to terminate my employment. ................... 7
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Can I have 3 weeks (Jul 14) to make such a major decision? ........................................ 7
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What is the severance package being offered? ............................................................. 7
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If I don’t move, does my health insurance end the last day of that pay period or the end of that month? .................................................................................................................. 8
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What does COBRA cost to retain my current health plan and can I change plans during Open Enrollment? ........................................................................................................ 8
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Will the current company Health Incentives (up to $950 annual) still be available to me with COBRA? ............................................................................................................... 8
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Will I be eligible for unemployment and does that immediately follow any severance/ salary continuation or is there a 2 week waiting period? ............................................... 8
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When will my remaining Health Incentives ($125/quarter) be paid to my HSA account for this quarter ending June 30th and/or when will they be paid for the next quarter if I’m allowed to continue working? ........................................................................................ 8
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If I don’t move and am given a termination date, when will my 401k company matching be paid to my 401k account? ........................................................................................ 8
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Will there be any change to my pension plan if I am “terminated”? Can I obtain a copy of CSC’s policies for all of these benefits for this situation? .............................................. 8
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Will Life Insurance, short/long term disability, health savings accounts and all other benefit payroll deductions end on my last pay period worked (if not moving) or at the end of the severance period or when? ................................................................................. 9
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What is the exact relocation package $$? “Up to” $10,000 implies a great range and this may influence the decision. .......................................................................................... 9
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Will I be on call again at the Coppell Service Center and how soon (if I’m expected to be at work there by Nov)? .................................................................................................
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Can I keep my company laptop and take it to the office and have it re-imaged? ............ 9
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Can I request to be moved to another account, and if not, why? ................................... 9
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I will need written confirmation that if I move my salary will remain the same since I’d be uprooting my family, selling/buying houses, etc. ........................................................... 9
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Can I get a letter of recommendation (since this has occurred through no fault of my own)? ........................................................................................................................... 9
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Is my decision whether or not to move to TX contingent on anything? In other words, if I don’t want to move what must I do to continue working? ............................................ 10
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Can I receive a salary increase to incentivize my relocation? ...................................... 10
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If the offer is declined, how will my position be evaluated and if a Reduction in Force (RIF) is determined, when does the clock sta
CEO is visiting the flagship Cybersecurity division tomorrow. Everyone is very skeptical of the visit. It appears he is here to check out the flagship cybersecurity security operations center before potential buyers take a look...everyone in the group is getting pretty nervous about the all news and mandates coming from management. something is def. on the horizon - if it comes to fruition, that has yet to be seen.