Are the business update meetings going out yet? Someone in this forum previously said first week of Aug would see some layoffs. That's next week. Any updates?
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Nothing but crickets.
@fd Senior leaders (Directors and above) do not bank PTO. They basically have unlimited PTO to be used at their discretion.
@hh Dude…. Move on
Let me guess. This is because of DEI…
Big question is "Will it include MFG and Operations" I doubt it as their normally they are not included.
Pay attention to your senior leaders' calendar. With protected PTO in place, they will all rush to use their protected PTOs before the layoff is announced
Unfortunately, this type of lay offs are happening at other companies as well. Fewer jobs with way more people applying for them.
There are have been cuts in Spain and Portugal this week, at least 20 people have been laid off....
@ak How reliable is this info you share? It doesn’t make sense MDT would do a forced RTO for MN employees that live within 25 miles (return in Nov 2) but then offer VERP at the same time.
Seems to me they would wait to see how many people resign rather than return to office THEN offer VERP or do RIFs.
@bd IF (big IF) it’s true about VERP offer…the pension freeze is unrelated. That just means they are no longer adding to your pension fund; they will add to your 401k instead.
Last time, they gave us about 5 weeks to decide then it was about 6 weeks later you had your last day. If the offer comes, it will lay out to you what early retirement would look like, eg. Added age/yrs of service.
My guess is that VERP notice will go out next week then eligible people have end of Aug to decide. If accepted those people will have to leave MDT by end of September. October will be used to trim and meet the target. People will be forced ranked then the bottom 10-15% will be submitted for RIF. Those who gotten 2/5 rating will be on the prominent recommendation list for RIF. Just remember RIF is not as random as the HR would like you to believe.
@ak Are they really offering a VERP in August when the pensions are freezing permanently end of April 2027? What date would we need to be retired by if we accepted?
And GM is still CEO. Ridiculous
VERP in August then minor trimming in October before end of Q2. Broad cut in 2027.
Aug/Sept surgical/robotic as previously as posted a couple month ago. IDK I pray nothing happens.