Would you accept a buyout offer?

[sweeps]

Interesting AP article on worker buyouts: LINK

Would you accept a buyout for, say, a year's salary to leave your job?

[akaivyleaf]

Re: Would you accept a buyout offer?

Only if I could write my own terms, and then I would have to consider how it would look to future employees. Depends.

[katwoman]

Re: Would you accept a buyout offer?

Sweeps, one of the 2 major auto insurers in IL has offered a buyout and it backfired! More employees (especially the older ones) took the offer than was expected. Now the company has to go out and HIRE people.

BTW, this companys' stock has done VERRRRY well these last few years. I'm sure the ones that took the buyout also have quite a number of shares in the company.

[abowers]

Re: Would you accept a buyout offer?

I think if you weren't in love with your job it would be a good opportunity to try something else out. You're getting pay for a year (or perhaps in GM's case 2 years?) and you can take your sweet time to find another job you like (as opposed to being fired and perhaps being forced to settle at a less than ideal job) or take some courses and change career direction. Maybe this is just my opinion as someone in my 20's; perhaps people closer to retirement disagree.

[tgavin71]

Re: Would you accept a buyout offer?

My dad was offered redundancy ( buyout) when his company was taken over by another. I told him to take it but he refused saving he wanted to keep working. The payout would have been enough to pay off the house. My mum works full time so money is still coming in. Six months later with the new IR laws we have he has been told that he job is no longer available. No pay out except for the usual, (holiday pay, sickness benefits and long service leave). He would have gotten those in addition to his redunancy pay out.To say he is not happy is an understatement and I do feel sorry for him but the company never guaranteed work indefinately.
IF I were offered redunancy I'd take it in a heart beat.