On 27 Oct 2005 11:44:27 -0700, "Capt. Rob" wrote:

Early Retirement" - Often a company will offer a bribe of some sort
to get rid of deadwood or problem employees before they are normally
scheduled for retirement. They find it worth the extra expense to
jettison those who are holding the rest of the company back, or who
create friction among the general staff.

Agreed....Never saw an early retirement deal that was anything more
than "Get lost, we don't need you, here's some cash."
Pretty sad. Let's hope Loco hated his job.

RB
Beneteau First 35s5
NY


Well that is just so much horse crap. I've done several early
retirement deals. They are an alternative to a general reduction in
force when a company hits a down cycle which all do at times.

They are a dangerous alternative in that you cannot discriminate. You
have to offer the deal to all employees in the class. You risk losing
good esperienced high producing employees with the so called deadwood.

Frank