October 1999
What's $500 when
you're laid off?
The $500 signing bonus in the AGCO’s offer may
look a little tempting, but look a little closer.
A signing bonuses is nice, but it can be a cheap bribe for
two reasons:
1. You’re better off, in the long run, getting the
money at $10 a week rolled into your pay. That way you’ll get the $500 next year, and
the year after too, and your next pay increase will be based on a rate that’s $500
higher.
2. The promise of quick cash can tempt you to sell off
something that you value – like your job itself.
The AGCO offer includes the ability to lay you off, for up
to 90 days, at any time they like. There’s no seniority, no bumping, no job security
unless the layoff is longer than 90 days. If we buy this deal – for $500 – we
won’t be able to grieve this. A layoff will cost more than $500.
It’s an open invitation for the AGCO to discriminate,
to intimidate and to punish.
It’s an invitation we can’t accept.
Short-term layoffs
mean long-term pain
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