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A kick in the nuts...over 150 (30% salary) people fired, 5% pay cut...ZERO pay raises

Engineer

Engineer

Elite Member
30% of the North American salaried staff cut today at my company. My salary (as was everyone's except non-exempt and very low salaried persons) was cut by 5% and ZERO raises for next year. Also, zero paid overtime from now on. I worked (and not just to get money, to finish the jobs) 1,500 hours of OT in 2005 and slightly lower levels the last 2 years.

I need the <barf> icon.

I'm 39 and have had ZERO alcohol in my life.....would it be worth it now?

and sadly I turned down another possible job with better pay because the only drawback was more travel. Now I get a kick in the nuts of ZERO paid overtime, 5% cut and zero raises since then.

I'm having a great fucking day. I might have been better getting the axe and taking the severence. I wonder if I could get it by volunteering.....

🙁 and :|

Time to re-learn interviewing skills....and move on.
 
Sucks, but at least your house is paid off so they cant kick you out of there. That's a good feeling that many people who take out super long mortgages and serial refinances will never understand, nobody can kick you out of your house if its paid off (taxes notwithstanding).
 
Originally posted by: herm0016
job > no job
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But turning down somewhat better jobs (actually, could have been a great job except the travel) and then have your own job suddenly suck ass.....well shit.
 
Originally posted by: Slew Foot
Sucks, but at least your house is paid off so they cant kick you out of there. That's a good feeling that many people who take out super long mortgages and serial refinances will never understand, nobody can kick you out of your house if its paid off (taxes notwithstanding).
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Can't argue with that.
 
Originally posted by: Engineer
30% of the North American salaried staff cut today at my company. My salary (as was everyone's except non-exempt and very low salaried persons) was cut by 5% and ZERO raises for next year.

I need the <barf> icon.

I'm 39 and have had ZERO alcohol in my life.....would it be worth it now?

and sadly I turned down another possible job with better pay because the only drawback was more travel. Now I get a kick in the nuts of ZERO paid overtime, 5% cut and zero raises since then.

I'm having a great fucking day. I might have been better getting the axe and taking the severence. I wonder if I could get it by volunteering.....

🙁 and :|

Time to re-learn interviewing skills....and move on.
Click to expand...


then you dont do the overtime. fuck them.
 
Originally posted by: Engineer
Originally posted by: Slew Foot
Sucks, but at least your house is paid off so they cant kick you out of there. That's a good feeling that many people who take out super long mortgages and serial refinances will never understand, nobody can kick you out of your house if its paid off (taxes notwithstanding).
Click to expand...

Can't argue with that.
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your county can if you dont pay the property tax.
 
Originally posted by: Citrix
Originally posted by: Engineer
Originally posted by: Slew Foot
Sucks, but at least your house is paid off so they cant kick you out of there. That's a good feeling that many people who take out super long mortgages and serial refinances will never understand, nobody can kick you out of your house if its paid off (taxes notwithstanding).
Click to expand...

Can't argue with that.
Click to expand...

your county can if you dont pay the property tax.
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I can work at McDonalds and pay the property tax. Also could dip into the 401k plan for the next 120 years or current savings for 18 years and pay it without going bankrupt. No worries there.

Originally posted by: LS21
alcohol is ALWAYS worth it
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Heh...

The job is still open that I stopped the interview process on. Anyone think that I could call them up and explain that I've changed my position on travel (I have talked to the wife) and why I've changed it (my company now sucks ass with new axe swinging CEO)....and possibly reopen the interview process for the job???

Thoughts?
 
We just found out that our raises will be delayed until March here. Our reviews come every July, merit increases kick in every August. During your review you set goals for the upcoming year with your manager, you try and achieve those and you get a raise. Well, they just let us know, just a few weeks before we were supposed to get our raises that we are not going to get them until March to save the company money. They also eliminated 600 positions (150 open, 450 employees affected) to save money. I'm told our CEO just got a $2.5 million bonus however.
 
Why not call and say you've thought it over and would like to find out more/interview. Nothing to lose, everything to gain. For reasons don't say anything negative or even talk about employer, just that you spoke to your family about it and decided the travel and position would be a good opportunity.
 
Originally posted by: Citrix
Originally posted by: Engineer
Originally posted by: Slew Foot
Sucks, but at least your house is paid off so they cant kick you out of there. That's a good feeling that many people who take out super long mortgages and serial refinances will never understand, nobody can kick you out of your house if its paid off (taxes notwithstanding).
Click to expand...

Can't argue with that.
Click to expand...

your county can if you dont pay the property tax.
Click to expand...

bolded for the blind
 
Originally posted by: OdiN
Yup. Not paid for OT? Well then no worky OT.
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I had just got to the point that I would have given them a few hours to try to "help" the company....but now, I'm punished for other's stupidity (well, my entire plant is punished).
 
Originally posted by: Engineer
Originally posted by: OdiN
Yup. Not paid for OT? Well then no worky OT.
Click to expand...

I had just got to the point that I would have given them a few hours to try to "help" the company....but now, I'm punished for other's stupidity (well, my entire plant is punished).
Click to expand...

Well....also the auto industry as a whole is not doing well right now. I know - I work for GM. Luckily I work for a division which will not be going anywhere - financial side of things. But even we've been hit - several branches have been consolidated and there's more of that in the future. But I think I'm fairly safe here. For now at least.
 
Originally posted by: JS80
Originally posted by: Engineer
Originally posted by: puffpio
where do you wrok?
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an automotive supplier for the last 16 years, sadly.
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Well, there ya go.
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That's why I placed the sadly in there. The really sad thing is that they are now losing money not because of lower sales (they have closed plants to "right size the company" and have been restructuring for years now). The problem is the "cheap" labor or Mexico came with tons of baggage....piss poor quality. Quality has killed the business and now no new sales because of it. Offshoring isn't always the answer......and it's bit my company (and now me) on the ass.

 
Originally posted by: Engineer
Heh...

The job is still open that I stopped the interview process on. Anyone think that I could call them up and explain that I've changed my position on travel (I have talked to the wife) and why I've changed it (my company now sucks ass with new axe swinging CEO)....and possibly reopen the interview process for the job???

Thoughts?
Click to expand...

Go for it. What have you got to lose?

Otherwise, sorry to hear the bad news.

Fern
 
Originally posted by: OdiN


Well....also the auto industry as a whole is not doing well right now. I know - I work for GM. Luckily I work for a division which will not be going anywhere - financial side of things. But even we've been hit - several branches have been consolidated and there's more of that in the future. But I think I'm fairly safe here. For now at least.
Click to expand...

My plant (tooling and engineering) had taken the cut cost and save the company moto many years ago. Our work was valuable enough to be the only standing toolplant (6 others have closed) and we even beat out the cheap (labor wise) Mexican tool plant because we have so many years experience and just know how to get things done and for the good of the company. Of course, new people don't see it that way. They don't see that you've worked your asses off to help the company make money while too many corporate chiefs drove it into the ground. Now the rest of us "non chiefs" are getting a kick in the nuts.
 
Our tooling went to China a few years ago. It was so bad that it is now back here. We are opening up a Mexican plant too, but again, quality control will be iffy at best. But Visteon wants it down there, so we follow :roll:
 
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