They called him into the office at the end of the day on Friday and told him they were eliminating his position. He has worked there for 31 years...starting before that really working summers in the factory, then once he got out of college he came back and started in the factory, then a couple of months later (the week before we got married in fact) they moved him into the office as a cost analyst. When they started getting computers in he taught himself how to use, program and fix them...and eventually became an IT person. He was the IT manager over two plants...they are closing the one and moving all the production to the other one, since he was the sole IT person we figured his job was pretty secure. WRONG! They decided to to all their support from one of their main facilities 2 hours away!! Since all their equipment is computer controlled, I think they are gonna regret not having someone "on site" (we live 5 minutes away from the plant).
He is getting 26 weeks severance pay plus a $3000 insurance allowance and that is it. 31 plus years of loyal service all for nothing. We are doubting he will find anything making anywhere close to what he made there ($52,000 plus bonuses and retirement plan matching) and he is having to start over at age 54 after basically working his entire life for that company. Since I was on his insurance plan we are without insurance...I can get on mine but I have to wait for open enrollment which is several months away. COBRA insurance for medical is outrageous...dental and vision is decent though.
He is filing for unemployment but that doesn't kick in until the 26 weeks is up..we will get the $26,000 less taxes in a couple of weeks, then we have to pull his retirement money out and hope he can find something soon. I talked to my boss about him getting on there for a while until he can find something else and she said if he put in an app she would have our HR secretary pull it on Monday and see if she can get him set up and in for an interview. It won't be much but at least it will be a paycheck until he can find something else.
He is getting 26 weeks severance pay plus a $3000 insurance allowance and that is it. 31 plus years of loyal service all for nothing. We are doubting he will find anything making anywhere close to what he made there ($52,000 plus bonuses and retirement plan matching) and he is having to start over at age 54 after basically working his entire life for that company. Since I was on his insurance plan we are without insurance...I can get on mine but I have to wait for open enrollment which is several months away. COBRA insurance for medical is outrageous...dental and vision is decent though.
He is filing for unemployment but that doesn't kick in until the 26 weeks is up..we will get the $26,000 less taxes in a couple of weeks, then we have to pull his retirement money out and hope he can find something soon. I talked to my boss about him getting on there for a while until he can find something else and she said if he put in an app she would have our HR secretary pull it on Monday and see if she can get him set up and in for an interview. It won't be much but at least it will be a paycheck until he can find something else.
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