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Update: Renesas tips early retirement program

10/27/2010 09:32 PM EDT
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MikeLC
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re: Update: Renesas tips early retirement program
MikeLC   10/31/2010 6:48:40 AM
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I like your idea of "a transparent assessment of how essential a particular job role" is. All in all, IMHO, the problems resolves around a greedy few. That's based on my experience and doesn't apply to all companies, by the way. Also redundancy in a merger (as another reader points out) should not equate to a pink slip. Loyal employees should be retrained when possible, not let go.

krisi
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CEO
re: Update: Renesas tips early retirement program
krisi   10/29/2010 3:26:05 PM
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This is not pleasant and some people suffer of course (I was laid off once in my life so have some first hand experience)...but these are the rules of the capitalist economy! I think it is irrational to expect that corporation will behave differently...all we should be talking about is how to change the rules for corporation so they don't benefit from such actions...Kris

Luis Sanchez
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re: Update: Renesas tips early retirement program
Luis Sanchez   10/29/2010 7:54:58 AM
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I experienced the nasty event of lay-offs, and it didn't see of the posbilita

Kaiser Silicon
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re: Update: Renesas tips early retirement program
Kaiser Silicon   10/28/2010 9:12:59 PM
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Something I've seen is that companies will find an excuse for getting rid of an older person, and then turn around and hire a recent college graduate to the same job, presumably at a lower wage. However, it tends to be a "you get what you pay for" proposition. The new guy can take a year or two to get up to an acceptable level of productivity. What you could have done instead was have pay cuts to keep the experienced guy around, and then reward him with pay increases when the economy improves. The hideousness of how people get treated at times is beyond offensive. In our current economy, it is amazing to me that the experienced guys aren't given a shot at the entry level jobs. I'm sure they would take those jobs, and be happy to have th em. It's also very offensive, not to mention insulting, that H1-B keeps chugging along when there are American workers who are desperate for work who are more than capable of doing the work. So much for my soap box.

Patk0317
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CEO
re: Update: Renesas tips early retirement program
Patk0317   10/28/2010 5:10:59 PM
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One thing is that when two companies merge there is inherent redundancy. Does Renesas Electronics need two HR groups? Two finance groups etc.? Many of these people should be expecting a pink slip in this type of merger.

UdaraW
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re: Update: Renesas tips early retirement program
UdaraW   10/28/2010 6:49:22 AM
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Early retirement plans or Voluntary retirement plans, these come in different names. But they all mean the same thing in that few engineers have to walk out whether they like it or not. Being over-ambitious in the boom years and being over-pessimistic in the gloom years has been the hall mark of companies over the years. Laying off and involuntarily being made to take part in early retirement plans, unfortunately, have been happening frequently in the last two years or so. As engineers, being one of the hardest hit groups in these retirement plans, may be we should look into what prompts these in the first place. I am wondering, whether there ought to be some sort of open discussion about the ‘real-need’ for a particular job role at the recruitment stage. Say, what happens is, you are offered a job which includes so and so many roles, the prospective employee is naturally glad and does not inquire whether he/she is really needed within the organization. In my opinion, a transparent assessment on how essential a particular job role for the organization as a whole should be laid down clearly at the outset of a employer-employee relationship. In the boom years of the early 2000s, companies have virtually stocked people unnecessarily. May be a half-a-dozen people to do a job-role that a single person can fill in. May be Renesas is among them. May be that is the reason why 1200 people have to voluntarily accept the early retirement plan. Engineers, what do you think?

t.alex
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re: Update: Renesas tips early retirement program
t.alex   10/28/2010 1:15:48 AM
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Given the amount of product lines, Renesas should focus more on those can sell rather than maintaining many similar products.

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