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highriser

6,000 Nissan Jobs being cut in Tennessee

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The employees are going to be offered buy-outs of $100,000 to $150,000, depending on tenure.

Those big six figure buyouts look nice, until they get taxed, and then you find yourself unemployed and still having to pay bills and forfeiting all of your Health benefits. I can't believe that big corporations are allowed to pull the wool over their employees eyes like this. If this was offered to me, I would never take it. You would make this much money in two years, and in some cases one year. Why would anyone want to give up their career for 70,000 after taxes...?

Get the word out to anyone you know who works for Nissan. Tell them not to take the voluntary buy-out....Let's put pressure on these corporations to do the right thing, which would be to lower their CEO's salary, actually think for a day and come up with better more cost effective way to produce their product, or atleast offer more money in the buy-out with a dicounted rate on Health insurance...

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6,000 jobs?? I thought I heard it was 1,200 jobs...

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If you can see the writing on the wall that it's a career that is going nowhere, then taking the buy out might not be so bad. Sure you'll lose some of the money to taxes, but even so you'll be left with a big chunk of change to support your family for a year or two, re-educate, and place yourself in a new career. It's a chance to start over in a career that has more of a future.

It's a choice. It's not a trick.

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I agree the headline is misleading. As said it is going to be offered to 6000 employees and from what I understand from different media sources they want 1200 to take the offer. For some reason some news media outlets want to try and scare as many people as possible, grab your attention so you read their idea of the truth. The media as a whole, not all want to use fear as a tactic to get readers, listeners or viewers.

As for the buyout and I lived in Decherd, I would be taking the money and running to VW. Plants are not to far off and I think I could live on 125,000 for a couple of years till the VW plant is finished. They will want experienced workers for sure.

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I agree the headline is misleading. As said it is going to be offered to 6000 employees and from what I understand from different media sources they want 1200 to take the offer. For some reason some news media outlets want to try and scare as many people as possible, grab your attention so you read their idea of the truth. The media as a whole, not all want to use fear as a tactic to get readers, listeners or viewers.

As for the buyout and I lived in Decherd, I would be taking the money and running to VW. Plants are not to far off and I think I could live on 125,000 for a couple of years till the VW plant is finished. They will want experienced workers for sure.

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The employees are going to be offered buy-outs of $100,000 to $150,000, depending on tenure.

Those big six figure buyouts look nice, until they get taxed, and then you find yourself unemployed and still having to pay bills and forfeiting all of your Health benefits. I can't believe that big corporations are allowed to pull the wool over their employees eyes like this. If this was offered to me, I would never take it. You would make this much money in two years, and in some cases one year. Why would anyone want to give up their career for 70,000 after taxes...?

Get the word out to anyone you know who works for Nissan. Tell them not to take the voluntary buy-out....Let's put pressure on these corporations to do the right thing, which would be to lower their CEO's salary, actually think for a day and come up with better more cost effective way to produce their product, or atleast offer more money in the buy-out with a dicounted rate on Health insurance...

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Hmm.. I was searching for an article on another subject, and came across this one on the City Paper, from 2003

Nissan brings 1,500 jobs to midstate

Was 2003 when the plants first opened? If so, it seems like they've added a lot more jobs than they've cut since then.

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No, the plant opened in 1983 and has steadily grown since the. They opened the Dechard plant in '97 I believe and expanded it about two years ago.

A short history:

-- 1980 - Nissan Motor Co. Ltd., established a U.S. manufacturing venture

and announced plans to build a manufacturing facility in Smyrna,

Tennessee.

-- 1981 - Construction began on the $760 million plant and the first of

1,300 employees was hired.

-- 1983 - Job 1 of Nissan's compact pickup rolled off the assembly line.

-- 1984 - Nissan announced plans to assemble the Sentra sedan; the first

Nissan car to be built in the United States, creating 1,700 jobs.

-- 1985 - Sentra 1 rolled off the assembly line.

-- 1989 - Nissan announced plans to assemble the Altima sedan, requiring a

$490 million expansion and creating more than 2,000 jobs.

-- 1992 - Altima Job 1 rolled off the assembly line.

-- 1994 - The Smyrna plant was named most productive car plant and most

productive truck plant in North America in The Harbour Report

benchmarking survey.

-- 1997 - The all-new Nissan Frontier pickup was launched.

-- 1999 - The Smyrna plant launched the Nissan Xterra sport utility

vehicle.

-- 2000 - The Xterra was named "North American Truck of the Year".

-- 2002 - The Altima was named "North American Car of the Year" .

-- 2005 - It was announced Smyrna would begin building the Altima Hybrid

in the summer of 2006 for the 2007 model year.

-- 2006 - Smyrna earned the Environmental Protection Agency's (EPA) ENERGY

STAR award which recognizes energy-efficient operations that have cut

pollution, lowered energy consumption and reduced costs

That's from the AP, and it left off a couple of expansions of the Smyrna plant (ex. they build the Maxima, Altima Coupe and more there).

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Those big six figure buyouts look nice, until they get taxed, and then you find yourself unemployed and still having to pay bills and forfeiting all of your Health benefits. I can't believe that big corporations are allowed to pull the wool over their employees eyes like this. If this was offered to me, I would never take it. You would make this much money in two years, and in some cases one year. Why would anyone want to give up their career for 70,000 after taxes...?

Get the word out to anyone you know who works for Nissan. Tell them not to take the voluntary buy-out....Let's put pressure on these corporations to do the right thing, which would be to lower their CEO's salary, actually think for a day and come up with better more cost effective way to produce their product, or atleast offer more money in the buy-out with a dicounted rate on Health insurance...

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highriser, with all due respect my friend. M mother-in-law is a 17 year management veteran of Nissan and she signed on the dotted line yesterday. She starts receiving her buyout money in three weeks. Where she will start school for Medical Coding and Billing and start all over. She was a very high up manager in the factory and even she, with their screw ball health "plan", thought the buyout was the best thing to do right now. It's either leave now and get screwed a little, or stay and really take it in the pooper. You have to know the whole story, the company is getting way with "murder" when it comes to pay raises and benefits to its current employees.

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I'm glad to hear it's only 1200. I was sucked in by the articles title and it really got my blood a boilin...

Still though, no one on here will convince me that these buy outs aren

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^Consider this. Given that Tennessee is a "right to work" state and thus barring any written contract, then there is no requirement at all for them to pay any severance. (unless there is something specific for Nissan) An employer in a right to work state may fire a person for any reason at any time and not pay any severance. There is no federal law either that would compel them to do so. The only restrictions are those related to firing in a discriminatory manner.

The same lack of business regulation that has caused huge multinational companies like Nissan to place jobs in the South and in Tenn. also makes it easy for them to get rid of people here when times get tough. They will protect their employees in their home turfs and fire people here because they know they can get away with it. It's especially easy in the South because the South missed out on much better times in the USA in the early 20th century when labor rights were established so many people just accept it and consider it good capitalism.

I have worked for a similar type company for many years and have seen tens of thousands fired from their jobs. At first they stared with the voluntary plans that gave nice payouts and benefits but over time that changed to involuntary layoffs and not much severance. Today they simply give you a phone call, tell you that you have 30 days, email you a severance package, then meet you on your final day to collect their stuff. It's very efficient. However in countries where there are strict labor laws, they don't do this. It's always the people in the USA that get laid off.

My advice to anyone working for Nissan who can take this package is to consider it carefully. It may be the best thing you ever get out of them. Also pay attention to any paperwork that you sign to get this package because it probably contains some verbiage where you surrender all rights to sue them in the future and it may also affect your ability to draw unemployment. On the plus side this money can be considered a settlement which has a lot easier time with taxes than if it was counted as income.

Maybe one day the people in this country will demand the labor laws be changed in this country to give people more rights, but I don't think we will see it anytime soon.

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^

Maybe one day the people in this country will demand the labor laws be changed in this country to give people more rights, but I don't think we will see it anytime soon.

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^Consider this. Given that Tennessee is a "right to work" state and thus barring any written contract, then there is no requirement at all for them to pay any severance. (unless there is something specific for Nissan) An employer in a right to work state may fire a person for any reason at any time and not pay any severance. There is no federal law either that would compel them to do so. The only restrictions are those related to firing in a discriminatory manner.

The same lack of business regulation that has caused huge multinational companies like Nissan to place jobs in the South and in Tenn. also makes it easy for them to get rid of people here when times get tough. They will protect their employees in their home turfs and fire people here because they know they can get away with it. It's especially easy in the South because the South missed out on much better times in the USA in the early 20th century when labor rights were established so many people just accept it and consider it good capitalism.

I have worked for a similar type company for many years and have seen tens of thousands fired from their jobs. At first they stared with the voluntary plans that gave nice payouts and benefits but over time that changed to involuntary layoffs and not much severance. Today they simply give you a phone call, tell you that you have 30 days, email you a severance package, then meet you on your final day to collect their stuff. It's very efficient. However in countries where there are strict labor laws, they don't do this. It's always the people in the USA that get laid off.

My advice to anyone working for Nissan who can take this package is to consider it carefully. It may be the best thing you ever get out of them. Also pay attention to any paperwork that you sign to get this package because it probably contains some verbiage where you surrender all rights to sue them in the future and it may also affect your ability to draw unemployment. On the plus side this money can be considered a settlement which has a lot easier time with taxes than if it was counted as income.

Maybe one day the people in this country will demand the labor laws be changed in this country to give people more rights, but I don't think we will see it anytime soon.

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Many states, especially in the South have no right to work laws. That is what makes states like TN attractive to companies like Nissan and VW. We were discussing the fact that Nissan may even become a union company sooner rather than later at the forum meet yesterday. I am no fan of the unions because they really dont do much for you. One of my favorite examples of a non union company use to be the Eastman plant in Kingsport. They had great benefits, good pay, and it use to be a job for life. I know things have changed there some because of downsizing for profit, but I think they are still offering pretty good beni's. It was often said that if the union came in there the employees would lose benefits. A lot of companies need to take a real hard look and realize that their employees are their most important asset behind the customer. It seems in this age of huge CEO salaries and bottom line results, the employee is very last on the list of of may employers. If you have good and happy employees that are concerned about the customer, the bottom line will take care of itself.

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OK here's what you do since you seem to be expert at utopian rights. Start up your own business and volunteer to give someone else the right to make the staffing decisions. This will be a laboratory for your ideas -- for example, hire some people, and then sign a contract with each one of them giving them the "rights" of which you speak. For example each one has a "right" to the job for as long as they want it, just for showing up. This way you can so generously give up your right to make business decisions, as you so plainly advocate in your post, and prove that it is not just talk or socialist tripe. I challenge you in all seriousness to do this. And if you have investors, tell them about this employment arrangement only after you have accepted the investment funding, and only after you have signed all the employment contracts. And then see if they maybe enjoy having the rules affecting their rights regarding their money changed in the middle of the game. In this way you can show by example how fair this scenario is for stakeholders in large concerns like Nissan, such as owners of 401K's which are vested in these stocks, after laws you advocate are passed.

You could even get creative and give yourself a little smidgen of a right to make a business decision, for example by putting a clause in the contract granting that you have to pay employees $250,000 of your investors' money in return for the right to terminate any one of these employees, payable upon termination.

I will be waiting patiently to hear of any serious proposals. Any potentially willing investors reading this, please communicate any favorable impressions. Oops, I forgot ---I already spilled the beans about this socialist swindle, maybe investors can be found elsewhere.

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^Consider this. Given that Tennessee is a "right to work" state and thus barring any written contract, then there is no requirement at all for them to pay any severance. (unless there is something specific for Nissan) An employer in a right to work state may fire a person for any reason at any time and not pay any severance. There is no federal law either that would compel them to do so. The only restrictions are those related to firing in a discriminatory manner.

The same lack of business regulation that has caused huge multinational companies like Nissan to place jobs in the South and in Tenn. also makes it easy for them to get rid of people here when times get tough. They will protect their employees in their home turfs and fire people here because they know they can get away with it. It's especially easy in the South because the South missed out on much better times in the USA in the early 20th century when labor rights were established so many people just accept it and consider it good capitalism.

I have worked for a similar type company for many years and have seen tens of thousands fired from their jobs. At first they stared with the voluntary plans that gave nice payouts and benefits but over time that changed to involuntary layoffs and not much severance. Today they simply give you a phone call, tell you that you have 30 days, email you a severance package, then meet you on your final day to collect their stuff. It's very efficient. However in countries where there are strict labor laws, they don't do this. It's always the people in the USA that get laid off.

My advice to anyone working for Nissan who can take this package is to consider it carefully. It may be the best thing you ever get out of them. Also pay attention to any paperwork that you sign to get this package because it probably contains some verbiage where you surrender all rights to sue them in the future and it may also affect your ability to draw unemployment. On the plus side this money can be considered a settlement which has a lot easier time with taxes than if it was counted as income.

Maybe one day the people in this country will demand the labor laws be changed in this country to give people more rights, but I don't think we will see it anytime soon.

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^You are creating a straw man and burning it. Bless your heart. If I were to start my own business, no doubt I would not get hundreds of millions of tax incentives from the state and there are a number of other reasons it's not a very good argument. For example I would not be operating a company that operated around the world, which means, I axe the people in the places where I can get away with it, the USA, and protect them in places where I can't so easily do it, Canada, Japan, Europe. I could go on, but I won't because the argument is completely lost.

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While I agree with our right-to-work principles, I must point out that Nissan has two plants in Europe: a plant in Sunderland in the UK and near Barcelona in Spain.

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