arboldt
Chief Petty Officer
- Joined
- Aug 25, 2007
- Messages
- 417
[vent on]
A year ago my employer told all of us this location would be closed by the end of February 2008, and gave us all agreements promising a retention bonus.
By December, it was apparent they could not meet that deadline to convert to a different system, so we all accepted a new agreement promising a bonus on May 9 if we stayed until April 30 (or were laid off sooner). This was a written contract that each of us signed. Two were laid off a couple weeks ago and have received their bonus.
Because we know the company has had a track record of not paying all its vendors, we repeatedly were assured our bonus money was budgeted and would be there.
Today we were told the company has cash-flow problems and could only pay 1/3 of the amounts on 5/23, 1/3 on 6/6, and the remaining on 6/20. They've known this was coming for over a year, and should have been planning for it.
So what do we do? Not show up on May 1? Not show up on May12 if they don't pay? File a Department of Labor complaint but keep working?
I'd be inclined to keep working as long as I can, but I have no confidence that'll be paid, either.
With the Michigan economy in a 7-year depression, I really hate to give up that bird in the hand...
[/vent off]
A year ago my employer told all of us this location would be closed by the end of February 2008, and gave us all agreements promising a retention bonus.
By December, it was apparent they could not meet that deadline to convert to a different system, so we all accepted a new agreement promising a bonus on May 9 if we stayed until April 30 (or were laid off sooner). This was a written contract that each of us signed. Two were laid off a couple weeks ago and have received their bonus.
Because we know the company has had a track record of not paying all its vendors, we repeatedly were assured our bonus money was budgeted and would be there.
Today we were told the company has cash-flow problems and could only pay 1/3 of the amounts on 5/23, 1/3 on 6/6, and the remaining on 6/20. They've known this was coming for over a year, and should have been planning for it.
So what do we do? Not show up on May 1? Not show up on May12 if they don't pay? File a Department of Labor complaint but keep working?
I'd be inclined to keep working as long as I can, but I have no confidence that'll be paid, either.
With the Michigan economy in a 7-year depression, I really hate to give up that bird in the hand...
[/vent off]