99-year old trucking company Yellow shuts down, putting 30k out of work

Re:99-year old trucking company Yellow shuts down, putting 3... by dehrmann on Monday July 31, 2023 @12:35PM (#36945166)

Regardless of how you feel about pensions, tying them to the employer is silly because it limits employee mobility and is a liability most businesses don't want to deal with. What's ironic is the people promoting them tend to be the same as the ones promoting nationalized healthcare (or vice versa).

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Re:99-year old trucking company Yellow shuts down, putting 3... by mech765 on Monday July 31, 2023 @12:38PM (#36945213)

In some industries low worker mobility is very desirable for the company. Offering long time horizon benefits is a good way to reduce turnover. I would prefer my local nuclear plant operator to have employees that stick around and get to know the equipment very well.

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Re:99-year old trucking company Yellow shuts down, putting 3... by dehrmann on Monday July 31, 2023 @12:58PM (#36945517)

Then pay them significantly more than they can get at their next job.

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Re:99-year old trucking company Yellow shuts down, putting 3... by azinman2 on Monday July 31, 2023 @03:19PM (#36947488)

A pension would be a form of that.

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