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The Truth About Taking a Package

Know what to do if you're offered a buyout or early retirement.

Q:  I’m 53 and have been with my employer for 24 years, and I really enjoy my work and colleagues. The economy has really hurt our sales, and work in our plant is way down. I’ve had a good work history, solid performance ratings, and decent raises until the past two or three years. After weeks of rumors about layoffs, almost everyone was offered what management has called a “buyout offer.” The company has said that if not enough people take the buyout, it may be necessary to have further layoffs that may not include any incentives.Back to Article

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