I'm sorry it has taken me so long to post. I know you guys have been on pins and needles waiting to find out what happened!
Well, it went as I expected. My job is terminated as of November 2. The company is outsourcing our IT department and they are offering us positions at the new company. I have until Monday at 10:00 am to put in an application with the new company. They will interview us and make a decision on making us an offer by 10/17.
Here is the kicker, if I don't put in an application and go through the interview process, I am not eligible for the transition package which is 21 weeks of pay. If I find another position with my existing company or any other company, I do not receive transition. If the new company makes me an offer up to 10% less than my current salary and I refuse the offer, I don't get transition. If they do make me an offer at 10% less than my current salary I will start working for a company that sucks!
I will not retain any seniority, I will be starting out with no vacation, 1 sick day for every 73 days worked, horrible medical benefits and 6 holidays. I currently have 20 vacations, 5 sick days, 3 personal days and my birthday off. Not to mention 7 paid holidays. The new company is offering a bonus for anyone they hire if they stayed employed there for 1 year. WTF? Is the company that bad that they don't expect us to stay for a year? I think the plan is to put one of their employees in with ours so they can learn everything then they will terminate us after the first year. The transition package will then be based on our 1 year with the new company.
I don't know what to do. I am a senior tech and I know that the new company does not pay their techs very good. I can't imagine that they can even come close to the 10% margin on my salary. So, I think I will be out of a job come 11/2. The whole thing seems kind of shady to me. They were very evasive on some of the questions people had.
I am so upset that companies today treat loyal employees like they are just a number. They have a claim in Columbus to be the "Hometown" bank but they don't treat us like "hometown" people. It's all about numbers. I think this will backfire on them in the long run. What makes it really bad is that I am the one providing health insurance for us. Hubby works 16 hours per week and goes to school fulltime. I never thought it would happen to me.