Human Resources representative Cindy McFarlane told the Local News meeting this afternoon that there will be no extension of the buyout period. Something about company policy or somesuch. The deadline is 5:30 p.m. CDT.
HR continues to decline to provide numbers of buyout-takers. Mr. Sunbeam's best guess, and it's only a guess, is that the numbers remain well south of 30.
There seems little doubt that the company is prepared to go forward with layoffs if they do not achieve either the head count or financial numbers they feel they need. No timetable is laid out at this point and no terms of severance, but you can bet it won't be pretty.
If you haven't had a meeting today, somehow try to look at an organizational chart before 5:30 p.m.
Wednesday, August 20, 2008
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