Shaw Layoffs ?

[holden]

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Well depends on how sweet the deal is. I would take it if the package is over 1 year.

Of course, also depends on how marketable you are as well.

There may also be a chance of taking package, finding out they fucked and come back as contractor. Double dip. lol.

Another thread is saying that it is 6 months + 1 month for every year of service.

[mr2mike]

15 year of service...
Tell them 2 months for every year if they want volunteers.
This ain't O&G money, this is baller, recession proof SHAW money.

[phreezee]

So what happens if you don't take the offer?

[suntan]

They cut the cable.

[cdnsir]

It's voluntary, you turn down the offer then you stay and chance they don't lay you off involuntarily next time.

If the rumoured 1 month per year plus 6 months is true, I would take that and run. The business they're in has been shrinking for the past decade.

[holden]

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So what happens if you don't take the offer?

You run the risk of getting laid-off and probably getting a less generous package.

[HiTempguy1]

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It's voluntary, you turn down the offer then you stay and chance they don't lay you off involuntarily next time.

If the rumoured 1 month per year plus 6 months is true, I would take that and run. The business they're in has been shrinking for the past decade.

Has their business been shrinking? Huh, I guess so (only got a bump from selling parts of the company):

https://www.shaw.ca/uploadedFiles/Co...ual-Report.pdf

Crazy!

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You run the risk of getting laid-off and probably getting a less generous package.

This should be known upfront in their employment agreement. Its pretty simple math, only complicated part is deciding how much longer you can hold on without getting laid off.

The shorter your time employed there, the more it makes sense to wait it out typically. They'll want to get rid of the expensive people anyways.

[holden]

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This should be known upfront in their employment agreement. Its pretty simple math, only complicated part is deciding how much longer you can hold on without getting laid off.

The shorter your time employed there, the more it makes sense to wait it out typically. They'll want to get rid of the expensive people anyways.

Most people I know do not have their severance terms outlined in their employment agreement. That includes some people with government jobs.

[Xtrema]

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Another thread is saying that it is 6 months + 1 month for every year of service.

Shit that's sweet. 15 years = 21 months. This is the one time where people with room in RRSP would play out nicely.

But that 6 month up front sounds like would entice a lot of noobs unless there is conditions for that.

[sabad66]

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Most people I know do not have their severance terms outlined in their employment agreement. That includes some people with government jobs.

agreed, never heard of anyone having severance terms laid out in employment contract. Definitely not at the company i work for (O&G producer). that said, most employees know what the range is (x weeks per year of service) just from hearing from others through the grapevine.

[bjstare]

My last job and current job both had/have it in the employment agreement.

[cdnsir]

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Has their business been shrinking? Huh, I guess so (only got a bump from selling parts of the company):

https://www.shaw.ca/uploadedFiles/Co...ual-Report.pdf

Crazy!

They have been bleeding customers for years. Only after buying Wind, they now have new wireless subscribers to offset the landline losses.

Don't get me wrong though, they are not going under anytime soon, they still have tons of cashflow.

[HiTempguy1]

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Most people I know do not have their severance terms outlined in their employment agreement. That includes some people with government jobs.

If you sign up for a job in this day and age without knowing your terms of severance, or that being negotiated... hey, that's your business Or if you accept that you'll get nothing more than mandated by gov regulation, again, that's fine. Just be aware of what it is is all.

[spikerS]

They may have offered to 6500 people, but are probably looking for 10-15% of that to actually accept that. But that is a pretty decent offering, but because the call center/sales staff are not eligible, the number of people going to take it is going to be small. If it was open to the the front line staff, that number would be a hell of a lot higher.

With the job market in Calgary still sucking, I wouldn't take the offer.

[austic]

The only bad part of companies going through these transitions (from the company perspective). Your best, most marketable employees are the most likely to leave as they can take the money and find work elsewhere.

[Mitsu3000gt]

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The only bad part of companies going through these transitions (from the company perspective). Your best, most marketable employees are the most likely to leave as they can take the money and find work elsewhere.

Yup, this is most often the case with widespread "offers" to leave. All the good staff takes their package and leaves, since they can easily find another job. You are left with the garbage staff who are lazy or don't think they can get a job elsewhere. Same thing happens in O&G or probably most other industries.

[holden]

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If you sign up for a job in this day and age without knowing your terms of severance, or that being negotiated... hey, that's your business Or if you accept that you'll get nothing more than mandated by gov regulation, again, that's fine. Just be aware of what it is is all.

Just curious, what type of companies do you work for? I could understand if it's a union, small company, executive level or contract based. I've personally only ever worked for large public companies as a permanent full-time employee and never had that as part of the discussion. I can't imagine that a large company would negotiate that for all of it's thousands (or tens of thousands) of employees.

Does taking a package exclude you from EI when severance runs out, since it's voluntary?

[dirtsniffer]

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Just curious, what type of companies do you work for? I could understand if it's a union, small company, executive level or contract based. I've personally only ever worked for large public companies as a permanent full-time employee and never had that as part of the discussion. I can't imagine that a large company would negotiate that for all of it's thousands (or tens of thousands) of employees.

Does taking a package exclude you from EI when severance runs out, since it's voluntary?

hightemp = government union

[holden]

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hightemp = government union

Oh yeah, forgot to add government to the list. Thanks Trudeau/Notley/Neshi /s.

[03ozwhip]

So I only know of one option right now and it's kinda meh. It's voluntary as most of you know, this particular person was offered 24 months paid....But she could work up to 18 months of that 24 months.

I personally think that's a shitty deal, but I don't know if there are any other offers or not.