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MikelArteta

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Tom Foolery

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3,300 Shaw employees are taking buyouts. That’s one-quarter of the company’s workforce | Toronto Star

"The departure of one-quarter of Shaw Communications Inc.’s workforce will be manageable — and mitigated by a technology-driven push toward customer self-service — even though the 3,300 who elected to take a voluntary severance package was five times more than its original estimate, its president said Thursday."
:mjlol: Someone is getting fired for this.
I don't understand I thought the buyouts were voluntary

This has to be from their service centres right? I
 

Tom Foolery

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I don't understand I thought the buyouts were voluntary

This has to be from their service centres right?
It was voluntary. They projected only 650 would accept, but 3,500 accepted (over five time the projected and one third of their workforce)

Not sure what departments were hit, but it sound like it's customer related.
 

Amestafuu (Emeritus)

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It was voluntary. They projected only 650 would accept, but 3,500 accepted (over five time the projected and one third of their workforce)

Not sure what departments were hit, but it sound like it's customer related.
6500

It's not that bad. I worked on a project aimed at getting GM employees to retire early during the last recession. Whatever they were getting on their lump sum payouts was negated by the amount of money they gave up in pension benefit penalties for retiring early and such. You have no idea what benefits they will leave behinds and the savings the company stands to make. Getting rid of tenured employees and dropping those high wages that they are paying out for them plus their benefits. We were giving brehs like 25k to dip and they were loosing much more than that in the long term. I'm not even supposed to talk about this but shyt is not what it looks like.
 

Tom Foolery

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6500

It's not that bad. I worked on a project aimed at getting GM employees to retire early during the last recession. Whatever they were getting on their lump sum payouts was negated by the amount of money they gave up in pension benefit penalties for retiring early and such. You have no idea what benefits they will leave behinds and the savings the company stands to make. Getting rid of tenured employees and dropping those high wages that they are paying out for them plus their benefits. We were giving brehs like 25k to dip and they were loosing much more than that in the long term. I'm not even supposed to talk about this but shyt is not what it looks like.
The thing is they didn't project this much, not even close.

They will save in the long run, but I'll put money on it moral will go to shyt and performance will dip.

And where are these 3300 gonna find jobs? :merchant:

This is a better article.
Shaw to take $450-million hit after 3,300 employees accept buyout — far above original estimate of 650
 
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