People are being booted out of their jobs at 50

Troy There is no guarantee of protection even with unions as I know of one instance on the coast of B.C. where workers at a Union shake and shingle mill were laid off while the company claimed to be in the process of restructuring.What in fact happened was they sold the company to people in Japan I recall and the new owners refused to hire them back.To make the case of insult to injury the pension plans were null and void due to a legal glitch concerning offshore ownership of a canadian firm.
Men with 25-40 years service were left with no pension and no job.Can you imagine 40 years loyal to the same comany,of paying into something and then being without a pot to piss in? That is cold in ways I do not even wish to contemplate.But that is the way of things.Loopholes do exist and are exploited despite their moral bankruptcy.A few of these men died within a couple of years from hitting the booze,some struggled on ,some trained for new work but to a man the idea of loyalty and trust was gone and that is a great tragedy.This message has been edited by sidelined, Fri, 2005-05-13 09:57 PM

let's not conflate loyalty to the people you work for with loyalty to a faceless company.my grandfather worked for the same company for over 50 years, and received 3 gold watches in the process.his son was put in the position of firing 30 people that were his friends from childhood. he resigned.a person living in samwalltopia has no loyalty to how "two-job-joe" lives in wallmartworkerville.the one thing that is clear from the globalization of companies is that there is no such thing as company loyalty to employees once the company gets bigger than personal contact.you are better off changing jobs every 5 years (or less) and consolidating all your pensions and 401k's into your personal IRA. and hoping that social security is still around when you retire.

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we are limited in our ability to understand
by our ability to understand RebelAAmerican.Zen[Deist
{{{Buddha walks off laughing with joy}}}

RAZD I quite agree and I think that is exactly the nature of the reason those men lost out.The nature of business was changing at this time and they simply got caught in the change. I think it is getting to the point that it is probably wise to bring a lawyer to an employment interview.LOL

I don't think you need to go as far as globalization to understand that company loyalty is not something to take for granted. Howard Hughes used to say (back in the 1940s): no don't tell me about those people, I don't want to know about their lifes. I can't sack someone who'd child has cancer.In many organizations man has always been a cog*.* as an aside - interesting how companies now go on about the snakeoil that is knowledge management. If knowledge is so important, why in times of crisis, do they shed their "most valuable resource"?

Quarterly Projections.

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Aslan is not a Tame Lion

quote:

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That is cold in ways I do not even wish to contemplate.But that is the way of things.Loopholes do exist and are exploited despite their moral bankruptcy.A few of these men died within a couple of years from hitting the booze,some struggled on ,some trained for new work but to a man the idea of loyalty and trust was gone and that is a great tragedy.

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But hey, Percy said that he wants the companies he invests in to be slaves to the bottom line, so this is how people get treated when all that you care about is money and not people.