Are You In The Auto Industry And Considering The Buyout?
Looks like you have a big decison. Decisions are due May 22 and most who choose to go will leave by July 1. Here's a few things to consider:

Things to consider before taking an early retirement or buyout.
• Determine your status at the company. Are you among those who have been told are valuable to the company's future?
• Is it likely involuntary layoffs will follow the buyout? Do you think you'll survive if jobs are cut?
• Are there other job prospects in the region? If not, are you willing to relocate?
• What are the job prospects in your industry? If they aren't good you may want to consider new job training or switching fields.
• What will change for those who stay with the company? Will there be other cost saving measures instituted, such as cuts to health care coverage or eliminating other benefits?
Reader Comments