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So the time has come that the company I work for is doing major lay offs and is offering up a 15,000$ pay out voluntary lay off! I'm taking it and running next round might be nothing or more atleast I come out ahead. I just thought I would share this and see what other people's experiences are with these situations. I'm taking my chance because I hit a dead end here and can't advance in my career. And am unhappy I know I'm a good welder and will survive!Sent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:Look at it this way, take the bucks guaranteed or gamble. If you take the chance YOU most likely will still get laid off and no $$$$. My brother in law worked for Caterpillar and they did the same thing to dispose of the old guys, he was 60 at the time. They were told they would get '' X '' amount of $$ by retiring now OR take a chance at getting  laid off.  There was around 30 guys at the time eligible. He took his along with about a dozen others. Well after they took the buy out the balance , ALL of them got laid off two weeks later. Good Luck !!!!
Reply:Take the documents to a lawyer and have them read it for you and get some advice. Just do not use a company lawyer. Was offered a severance package with my lay-off and the lawyer told me not to sign it. By signing it was giving up the right to sue and my kids the right to sue if i got sick from the chemical exposure. The documents made it sound like would not get paid for vacation hours or bonus. So after some thought did not sign anything and still got payed vacation and bonus. Turns out quite a few of former workers from there have cancer and other illnesses. Gave up about 20 k , but have always been a saver and investor so I am getting by. While it was not easy, it is survivable. The only thing you can not survive is death. As long as you are alive and breathing you have a chance to fight and get ahead in the game of life.I am not a sue happy person even though this part of Texas is. Just did not want to give up my right to. You would not believe how many people did not make 5 yr after retirement.Last edited by guajilloweld03; 03-10-2016 at 10:37 PM.
Reply:hyde; it has been my experience that what I think is a tragedy at the time later turns out to be a blessing. the next job you find will be better for you. keep a positive outlook and don't give up.i.u.o.e. # 15queens, ny and sunny fla
Reply:On big jobs or large employers often it is wise to be one of the first to go.  Imagine what your chances are locally when 100 get laid off and they all are looking for work opposed to when five or ten of you hit the job market. Don't take the money and lay back on the couch even for a week.  Look at the money as a cushion and support to allow you to pack up and move to another locality for work or to retrain or upgrade your certs.  Also do not cash in any retirement package if you had anything running.  It will grow even after you leave and Revenue Canada will find you when you are 65.  I forgot about some retirement money I left behind in 1986 for about three months work.  When they found me it was work 19K or 8k if I took cash.Last edited by lotechman; 03-11-2016 at 09:56 AM.
Reply:Originally Posted by hydeSo the time has come that the company I work for is doing major lay offs and is offering up a 15,000$ pay out voluntary lay off! I'm taking it and running next round might be nothing or more atleast I come out ahead. I just thought I would share this and see what other people's experiences are with these situations. I'm taking my chance because I hit a dead end here and can't advance in my career. And am unhappy I know I'm a good welder and will survive!Sent from my iPhone using Tapatalk
Reply:The problem is this company is laying people of with 10 weeks pay who weren't permanent and guys who been there a year 2 weeks pay so they are unpredictable and that's making me nervous I'm 25 have 5 years invested there and have interviews lined up alreadySent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:Originally Posted by hydeThe problem is this company is laying people of with 10 weeks pay who weren't permanent and guys who been there a year 2 weeks pay so they are unpredictable and that's making me nervous I'm 25 have 5 years invested there and have interviews lined up alreadySent from my iPhone using Tapatalk
Reply:Originally Posted by WNY_TomB.i worked for a company 32 years and by waiting to get laid off or take package when offered i got a extra roughly 48 weeks pay plus i got what was in retirement account that company setup and i did not contribute anything to it. because my company was going through bankruptcy i could only get it as a monthly annuity checks (setup if i die first my wife gets 75% the rest of her life too).so i get about (month annuity check rest of my life)$1000./month$300/month (extra cause i waiting to get laid off or take package).....total $1300/month for the rest of my life but cause i got another job it is maybe $1000. after taxes taken out.. it did not start til i signed papers promising not to sue my old company which is standard for most companies before retirement funds start. .took me 3 weeks to get new job offer and it was 6 weeks after i got laid off i started new job. old company gave or continued  12 weeks pay to help find job so for 6 weeks i was getting double pay..but finding another job when older is not easy. many places do not want to hire anybody over 30 years old and especially if over 50. many, many people i know had trouble finding another job or if they did start new job they got laid off again within 1 year. i have had new job now for over 3 years.so i got lucky. with what i have in 401K plus monthly annuity checks i can get by without a job if needed, i work to have more in 401K and i like to work. i believe it is important to find a job you like to do..i highly recommend if offered take a month annuity rather than a lump sum. too many people waste a lump sum then end up with nothing when retired. my experience getting steady monthly annuity checks i no longer worry about getting laid off or loosing a job. maybe not getting much but it is enough not to starve for as long as it takes to get another job. it really takes a load of worry away.
Reply:Originally Posted by hydeSo the time has come that the company I work for is doing major lay offs and is offering up a 15,000$ pay out voluntary lay off! I'm taking it and running next round might be nothing or more atleast I come out ahead. I just thought I would share this and see what other people's experiences are with these situations. I'm taking my chance because I hit a dead end here and can't advance in my career. And am unhappy I know I'm a good welder and will survive!Sent from my iPhone using Tapatalk
Reply:It's in the contract we waive our recall and seniority rights and that we will qualify after 15 weeksSent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:take the money, stash it, get a new job!If the conversation isn’t money, then I’ll see you later.
Reply:Originally Posted by hydeIt's in the contract we waive our recall and seniority rights and that we will qualify after 15 weeksSent from my iPhone using Tapatalk
Reply:If I got an e-mail right now telling me there is a voluntary lay off, I would be knocking people over during my sprint to the bosses office to tell him "I'll take it !!!!".     But that is only because I am miserable here doing software support.   It's a good job with great pay and benefits.  Management is good.  Nothing to complain about really.  I just need to do something else.  And since I don't know what else I would do, I don't yet have a reason to leave.   But a voluntary layoff would definitely be that reason.   So you got my vote for +1 on the voluntary package.Century buzzbox that I learned on 40+ years ago (was Dad's)Crappy Century 110volt mig 70 amp pigeon pooper.Lincoln Idealarc TIG-300
Reply:Oh and I get company benefits until June 30thSent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:Originally Posted by hydeOh and I get company benefits until June 30thSent from my iPhone using Tapatalk
Reply:if canada has a civil service you may want to look into working as a welder for your municipality. it's not a bad gig here in the states.i.u.o.e. # 15queens, ny and sunny fla
Reply:Absolutely people an never take knowledge away, and yes I went to a technical training school which taught us all processes and materials except the odd ones like titanium and manganese. I've been studying my red seal modules to even further my education in my careerFor civil we have Canadian pacific railway, Canadian national railway, transit, and hydroSent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:Well I think I'm decided that I'm quitting this place it makes me miserable and is holding me back the hard part will be finding a new job, wish me luck.Sent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:Tool the buy out I'm done Friday and have already had one interview and have one set up for Monday.One is at a structural place which I'll basically be starting from scratch I know nothing about structural welding.The other is a place repairing heavy equipment. Which is more fabrication and burning rods. No certs needed.So what do I need to know to get into structural welding? What are the basics for this route?Sent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:I am sure if they hire you they will train you.Weld like a "WELDOR", not a wel-"DERR" MillerDynasty700DX,Dynasty350DX4ea,Dynasty200DX,Li  ncolnSW200-2ea.,MillerMatic350P,MillerMatic200w/spoolgun,MKCobraMig260,Lincoln SP-170T,PlasmaCam/Hypertherm1250,HFProTig2ea,MigMax1ea.
Reply:I would hope so, in the mean time I have a temp job in a machine shop that my buddy owns. Might lead to full time but that's an if. Also an interview Monday. For q smaller outfit they want me to do an interview a written and a weld test.Sent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:Been working at the machine shop for a little over two weeks not much going on for diversity but I am doing a lot of build up work. Owner says I can work from home if I get my business number and a decent machine. I'm looking at either a everlast 200dx or a lincoln square wave 200. I currently have a Miller thunderbolt ac and power mig 140 but I fell with 200a I would be better offSent from my iPhone using Tapatalkif you can step across it I can weld it.
Reply:Originally Posted by hydeBeen working at the machine shop for a little over two weeks not much going on for diversity but I am doing a lot of build up work. Owner says I can work from home if I get my business number and a decent machine. I'm looking at either a everlast 200dx or a lincoln square wave 200. I currently have a Miller thunderbolt ac and power mig 140 but I fell with 200a I would be better offSent from my iPhone using Tapatalk
Reply:I'd rather get a tig stick first atleast that allows me to do heavy and light ac/DC I'm kinda sick of mig for now lolSent from my iPhone using Tapatalkif you can step across it I can weld it.Originally Posted by hydeTool the buy out I'm done Friday and have already had one interview and have one set up for Monday.One is at a structural place which I'll basically be starting from scratch I know nothing about structural welding.The other is a place repairing heavy equipment. Which is more fabrication and burning rods. No certs needed.So what do I need to know to get into structural welding? What are the basics for this route?Sent from my iPhone using Tapatalk
Reply:I'm 25 and 5 years into my career is like to go independent at some point already took the buy out and paid off all my debts so I'm sitting pretty with some to spare. Like what ls been said I'm going to buy my new machine and sell my old ones to eat up a chunk of the cost.Sent from my iPhone using Tapatalkif you can step across it I can weld it.