Originally Posted by
tpersuit
Again we did not have any furloughs!!
we offered COLA's which the employee retains seniority and longevity. The employee keeps medical and travel benefits.
Originally Posted by
ToiletDuck
The difference between that and a furlough is?
You wouldn't retain Longevity and medical and travel benefits in a furlough.
By the way, the length of the COLA gives you an insight into the likelihood of furlough, NOT the COLA itself. The break-even point financially on a furlough is 9 months. Less than 9 months, the company actually loses money by furloughing...which means had they offered 6-9 month COLA's, then ya, start worrying. They didn't, so we're not.