His tenure at his company was approaching 35 years, and a well funded retirement and pension were just around the corner. He sacrificed for the company, and they paid him for it. It wasn’t just him who enjoyed this relationship, his wife also worked for the same company for 25 years and was looking forward to her pension as retirement was just around the corner.
However, this match made in heaven was about to end abruptly. It all started when my former employer was brought in to the company to help implement some systematic improvements to make their warehouses better (consulting lingo). As a consulting firm usually does, they continued finding work for the company while looking for areas to expand their presence and increase sales.
They soon found the answer: outsource the IT department to my firm; who, in turn would decrease costs by outsourcing the jobs to India. It’s a common model many companies have used the last decade.
Bob was a Director in the IT department. Now that the entire department was outsourced to my firm, his employer changed and so did the benefits he would receive during retirement. That’s right, he and his wife would no longer get the pensions they were ready to start collecting on because now they worked for a new company.