Guild leadership is set to meet with Sun management at 3 p.m. today to discuss the buyout. We are hearing that management wants to have this deal sealed by noon Monday, or else the buyout offer could be pulled off the table.
We don't want to loose the buyout offer for those who might want to take advantage of it, and we certainly don't want to go directly to layoffs.
We hope we can convince management to give us a third week to consider the deal without sacrificing time others might need in case of layoffs.
Hang in there,
Lynn
Friday, June 27, 2008
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2 comments:
Can someone clarify: Is the offer strictly to put this money in our 401Ks, with a stiff penalty to take it out? Or would people receive twice-a-month deposits as they do now?
The money can be taken out in a lump sum, rolled into a qualified retirement account of your choosing or put into some kind of annuity. Those are the only three options. The company will not make bi-weekly payments.
Tanika
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