Major Shaw layoffs in the near future?

[photon]

Not all employees, just the non-customer facing ones (which is still 6500)

[Wormius]

Originally Posted by Shazam

Well have you ever worked at a tech company? You really can't figure it out? Do you really think all engineers and software programmers are the same?

Gee you watch hockey, are all forwards and d-men the same?

Maybe I misinterpreted what you wrote.
I am just saying that it is entirely possible and likely to be excellent at your job and responsibilities but be connected to a company that just isn’t making money with what they tasked you with. That isn’t the fault or failing of the engineer or programmer. There could be a lot of people at Shaw in that situation. They simply don’t need them, even though they are good at their jobs.

[bizaro86]

Originally Posted by Shazam

What does "good at what you do" mean? If you make the company profit or you can minimize expenses, then you have a good chance of keeping your job.

Obviously neither of those two things apply to government jobs, which explains iggy_oi's point of view on everything.

That's a pretty shortsighted view, imo.

You could be great at something, which they decide to no longer do for reasons that have nothing to do with your performance.

[flambers]

Originally Posted by photon

Not all employees, just the non-customer facing ones (which is still 6500)

Of ~ 13,000....

If the percentage is high.... it could be an interesting workplace for the remaining employees.

[Northendzone]

can you imagine if you were a long term employee who was thinking you might works of another year or so before retiring. some employees/retirees could walk away with 2 or more years of salary

[Otto-matic]

https://www.bnn.ca/video/shaw-receiv...pected~1319615

Shaw Communications is receiving more of a response to its voluntary buyout package than it was expecting, and now the company is asking some employees to reconsider. BNN’s Tara Weber has the details.

Are they really that surprised? Do they really think anyone who was offered that package wouldn't take it and run considering they're on the "chopping block"

[Slacker]

NSFW!

[Wormius]

Originally Posted by Otto-matic

https://www.bnn.ca/video/shaw-receiv...pected~1319615



Are they really that surprised? Do they really think anyone who was offered that package wouldn't take it and run considering they're on the "chopping block"

As a first step in its change initiative, Shaw is implementing a Voluntary Departure Program from January 31 to February 14, 2018, to give selected employees the opportunity to think critically about their future with the company, and make realistic decisions about their role in Shaw's evolution

They made the mistake of recommending the employees think critically and realistically about their future at Shaw. What exactly did Shaw think would happen? I mean, was there a strong incentive in place for staying?

[4X4]

Wonder what happens if people "reconsider", and then get laid off anyway, with a smaller package down the road.

[Ozy_Flame]

Originally Posted by 4X4

Wonder what happens if people "reconsider", and then get laid off anyway, with a smaller package down the road.

I would hope that goes straight to the media. That's just ruthless.

[Kjesse]

Originally Posted by Ozy_Flame

I would hope that goes straight to the media. That's just ruthless.

Quite common actually. They don't have to repeat an offer that is more generous than the law requires.

The company will have booked a one time write-down for employees who take the offer, and then they will close their books on that series of termination transactions. If more terminations follow, there is no reason at all to assume the offer would be as generous or more to individual employees. At that point, the offers would be one-to-one, and will follow ordinary practices, not enhanced severance as previously offered.

[GordonBlue]

Originally Posted by 4X4

Wonder what happens if people "reconsider", and then get laid off anyway, with a smaller package down the road.

wonder if they can take the package and then get rehired as shaw might be desperate.

[Ozy_Flame]

Originally Posted by Kjesse

Quite common actually. They don't have to repeat an offer that is more generous than the law requires.

The company will have booked a one time write-down for employees who take the offer, and then they will close their books on that series of termination transactions. If more terminations follow, there is no reason at all to assume the offer would be as generous or more to individual employees. At that point, the offers would be one-to-one, and will follow ordinary practices, not enhanced severance as previously offered.

I don't care if it's common. You offer voluntary packages, and more people take them up on the offer, and now they can't handle it? Were they not prepared to deal with this when you offered it to that many people?

What incentive is there to stay, given that the general consensus implies jobs are not safe?

Terrible planning on their part.

[photon]

Originally Posted by 4X4

Wonder what happens if people "reconsider", and then get laid off anyway, with a smaller package down the road.

That'd certainly be anxiety inducing and would make me consider such an offer more seriously even if I was happy with my job.

In the report though sounds like they've walked that back and now will offer similar packages down the road if the situation arises. That certainly would alter my decision making, makes it less of a Monty Hall type problem.

Originally Posted by GordonBlue

wonder if they can take the package and then get rehired as shaw might be desperate.

That's what I was wondering, if people you really want to keep accept the package, turn it around and offer it as a retention bonus. Couldn't even mention that otherwise everyone would take it then though!

[Wormius]

I suppose it might be some comfort if they say something along the lines of, “well we only really needed to get rid of 10% of you, the rest of you will have stable jobs for the next 3+ years”

[BlackArcher101]

Originally Posted by Wormius

They made the mistake of recommending the employees think critically and realistically about their future at Shaw. What exactly did Shaw think would happen? I mean, was there a strong incentive in place for staying?

It's so common place... the company is doing everyone a favor by keeping them employed, they should be extremely grateful, so grateful that you think critically and decide to stay.

Considering that the company obviously doesn't care about the employee (or the customer based on their excuse of why they are doing this), then the only thing that could keep me there would be a bonus if I don't take the offer. And that won't happen.

[Slacker]

What is the total amount of taxes that can be deducted from a lump sum payment?

[Weitz]

Originally Posted by Slacker

What is the total amount of taxes that can be deducted from a lump sum payment?

They take 30% off a lump sum over ~$25,000 I believe. I don't think they take off any more.

[Slacker]

Originally Posted by Weitz

They take 30% off a lump sum over ~$25,000 I believe. I don't think they take off any more.

Thank you sir!

[taco.vidal]

Originally Posted by Slacker

What is the total amount of taxes that can be deducted from a lump sum payment?

Originally Posted by Weitz

They take 30% off a lump sum over ~$25,000 I believe. I don't think they take off any more.

https://www.canada.ca/en/revenue-age...-payments.html

Combine all lump-sum payments that you have paid or expect to pay in the calendar year when determining the composite rate to use.

Use the following lump-sum withholding rates to deduct income tax:

10% (5% for Quebec) on amounts up to and including $5,000;
20% (10% for Quebec) on amounts over $5,000 up to and including $15,000; and
30% (15% for Quebec) on amounts over $15,000.