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The EO's and extended leave packages are out now at SWA. It was encouraging to see the numbers come up for the 6-12-18 month time off and will more than likely get even more participation. Already heard a number of guys are taking the Early Out offer, also glad to see the years salary for severance over 10 years. Looks like this time they are serious about getting takers this time around.
Stay home for 6, 12, or 18 months at half pay. Or take the EO if you are close to retirement anyway with a years pay, years co. paid insurance benefits, flight benefits for 4 years, ect... Hope we get a bunch of folks taking the offers and get thru this without any involuntary leaves, but, we all know it still very well could happen. Stay safe all, and stay healthy and go spend some time with the family. Good luck to all.
https://www.yahoo.com/news/southwest-offers-buyouts-ensure-survival-155458833.html
https://www.yahoo.com/news/southwest-offers-buyout-packages-temporary-114511279.html
I am hearing of some rumors floating around about the new leaves being offered starting Sep 1st. SWA may be getting enough folks to take the VSP (retirement) offers and may have to deny some of the other 6-12-18 month leaves IF they approve any at all. Pretty sure if this is the case there won't be any layoffs at SWA as well. 2nd part of the rumors are that SWA is expected to be right at or very close to full operational by years end or at least by very early into 2021.
So anyone dead set on getting one of the leave options be prepared to be denied. In a way I hope we are all denied the 6-12-18 leaves, would love to see all VSP folks approved. I think most folks see this offer as being the most generous offer ever made from SWA in history and will not get a second chance. I mean heck, of course depending on individual life situations, but if you are 62-80 you might wanna take it, future buy-outs may not be as generous IF there ever would be future offers of Early Outs.
A big thanks to all the employees who have and still are participating in these ETO's and leaves. These moves by the employees may have very well saved some jobs come this fall. Also a big thanks to all employees who are able to and are taking the VSP Early Out Retirement packages. All these combined have definitely helped out other younger employees stay on board with Southwest. Congrats to the folks able to retire!!!
Here's hopes that SWA can stick with their record of no layoffs in its history still...