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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:

chevy.jpgBefore signing

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?

Source: Challenger, Gray & Christmas Inc.
Posted on Monday, April 14 by Registered CommenterWise Owl | CommentsPost a Comment

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