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sweetroll
Lv 7
sweetroll asked in Business & FinanceCorporations · 7 years ago

any reason to eliminating employees in an employee owned company after a certain number of years?

Update:

My old company has a habit of letting go employees after they have been with the company for over 10 years. With the exception of upper management, it is rare that the average employee is kept after a certian amount of time. These are typcally stellar employees who are suddenly 'bad'. The money earned during the years of employment (this is their version of a 401K - company stock options) is dispersed over the course of 5 years, with the balance remaining with the company until all is dispersed.

3 Answers

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  • Jake
    Lv 7
    7 years ago

    There may be a variety of dark strategies that involve eliminating partners, perhaps before selling the company for a big payoff.

    Some companies do try to save costs by shedding older employees who are at a higher salaries and in line for collecting retirement benefits soon.

  • Casey Y
    Lv 7
    7 years ago

    Not unless you want an age discrimination lawsuit.

  • Hugo90
    Lv 7
    7 years ago

    Not enough work.

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