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That would buy more than a few tanks of gas. If they made 100,000 a year ( they were longtime hosts) that's @2000 a week, or 4000 x 30 years service= 120K.
I think they both probably made MORE than that in salary, according to an internet search of salaries for higher paid QVC hosts., but that's OK for this example.
They live in the most expensive county in PA...you can be sure they were pulling down more than 10.00 an hour.
No it's not life sustaining. Not meant to be. It's an incentive to leave quietly and get something to show for it.
But it's also not a forced decision. THEY had to agree to the terms or they wouldn't have signed it.
Who cares if they are "happy"? What does that even mean? THEY signed voluntarily.
I worked for a huge national utility for 35 years and they offered severance packages about five times during that time, based on a "number" ( years of service plus age...example: minimum 85)...due to coroporate takeovers, and right-sizing the workforce.
They were VERY generous. The above terms, PLUS if you were within one year of age 55, they gave you service to 55 so you could collect your pension ( if you had ten years of service). They also paid health premiums to age 65, a HUGE value. I was always in the wrong age range to accept a package, or I would have in a heartbeat, and I loved my job.
MANY people took those packages and went on to do something else with thier lives.
The Company was going to can people anyway,which of course followed voluntary severance for those unlucky enough to NOT meet "the number".
Why not get paid to leave?
I was always planning to retire at 55, but hung on til 57 hoping things would change in the economy again so they'd offer a severance. When it was clear none was coming, I just retired in 2013. Never looked back.
Remember......whether they are "happy" or not...THEY TOOK THE PACKAGE. So who cares if it was 50 cents or 250K. They accepted the terms and left.
Qurate is a multinational corporation. NOT a Mom and Pop.
Sheeesh. HOW MANY MORE????
And yes it's what I "think" . Based on reality, not dreamy ideas of them tearfully wringing thier hankies, being asked to clear out thier lockers and turn in thier parking pass in one day with no warning.
"No other choice" but to accept? Come on now.
Of COURSE they had choices. Take a severance and leave, or don't. "We're downsizing the number of hosts, and you're the ones who will go in the first round"... ( and you can be sure it was based on other factors too....sales would be my guess. And sales are ALL that matter in retail.
Sounds "mean"...but sheeeesh...are you following the news today about corporate layoffs and retail failures?!?!??!? You seem well read and articulate....so I'm guessing you follow the headlines...
I'm curious. What do YOU "feel" or "think" happened to them? (or the 250,000+ other people laid off this year so far across many industries?) Surely you KNOW these decisons to lay off are not made on "feelings", right?
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