Early Voluntary Retirement?

[Anonymous]

My company is experiencing financial hardship. The CEO sent an email stating that they are offering early retirement. It states that if early retirement doesn’t resolve the issue, an involuntary reduction program may occur. They went on to say the benefits will not be as good as the voluntary. Do you think that means they will lay off younger staff members too? Or was it just directed towards retirement age people?

Updates

7 mo

Oh btw- his tone even changes. Like uncomfortable or something.

[CuriousHubby]

They are firing every one till the bottom line gets fixed and when companies do that they rarely ever profit!

Best to look for another job for yourself!

[jamesgoldman]

The EVR is retirement aged or reasonably close to it

The involuntary will be sackings because the company is going belly up

[Asker]

New president. I have a little seniority. If they sack me, I’m getting a severance package including health insurance.

[Asker]

We have A LOT of people working 55+. I have a little seniority compared to others in my department. Fingers crossed.

[Anonymous]

ERISA doesn't allow for discrimination or differences in salary or benefits whether you take voluntary or involuntary early retirement.

[Asker]

I don’t think you understood my question. Thanks though. Good info!