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This is nothing new for them. My father started at IBM in 1968, and was forced into "voluntary" early retirement in 1993. He at least got to keep his pension, b
by arcanearts 9y ago
This is nothing new for them. My father started at IBM in 1968, and was forced into "voluntary" early retirement in 1993. He at least got to keep his pension, but if he hadn't gone voluntarily and opted to stick it out like some of his colleagues, he would have been let go in the following months and lost everything.
- speby 9y agoHow would he have lost everything? The pension would stay no matter what.
- drdeadringer 9y ago> The pension would stay no matter what. I have a doubt, because "business in America".
- arcanearts 9y agoThe way he explained it to me was if he took the early retirement he would receive the pension, if he had stayed and gotten laid off he would not have gotten the pension.
- maxxxxx 9y agoBack then people at least got some good severance and a pension. The current generation will be forced out with nothing if they haven't saved up a huge amount of money.
- raesene9 9y agoI'd echo this, the old IBM redundancies weren't necessarily bad for the recipients. My uncle got made redundant by IBM in the 90's having spent his whole career there from university. He got a pretty good severance package and pension, which he's now been able to draw for 25+ years...