Layoffs
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TRW has laid off over 1000 White Collar employees globally since July of 08. As of yesterday, March 13th, an undisclosed number of employees were laid off from the TE&E (Electronics) group at the Headquarters in Livonia Mi. Rumor has it that Middle Management is next, possibly by the end of March 09.
Layoffs aren't handled very well and the only advanced notice is by the rumor mill that usually lasts weeks prior to the layoff, causing anxiety and concern for all, lowering morale and productivity. The max severance is 2 weeks pay for each year of service up to 16 weeks pay max with health coverage upto 16 weeks as well. So someone there longer than 8 years gets the shaft when laid off.
Merit raises over the last 6 or 7 years has only been in the 1 to 2 percent range, with no merit in 09. Layoffs are handled on a department by department basis, with the department manager picking and choosing who goes. Each department is requested to eliminate a set percentage and seniority is not a consideration. Some department managers seems to lay you off if they don't like you, regardless of your performance is good.
I've been lucky to dodge the proverbial bullet 4 times now after 20+ years of service.
