Originally posted by house I hope he never earned more than minimum wage of at least got fired.
No, the business started to make losses, the company sold the business to a company that stripped it down, we all got laidoff, and the operations director who organized the selling of our business line got promoted to vice president.
Originally posted by Serkevan At this point all of my friends and I assume that the best we'll get as a retirement pension is gonna be a pat on the back.
What's happening in EU is that governments gradually push the age of retirement further based on life expectancy and economic figures etc. At the same time, private businesses of the technology sectors have lowered their target average age of employees and that's not public data, they won't tell you the hidden agenda when they hire you... (in the tech industry they target between 35 years old average, in IT it's even lower), which means currently about 80% to 90% of engineers and PdD workforce don't make it after 55 years old and if you did a PhD finished your studies at 28, you can never fulfill your condition of 40+ years of retirement contribution and if you get laid off after 50, good luck to find a new job in your profession. Nobody tell this to student who enroll in graduate and post grad studies otherwise they may decide to do other careers. Currently , the best option of a post grade student is to manage to get hired by a large public research organization and I wouldn't recommend to apply for jobs in the private sector, way too unstable and short lived and the risk factor is definitely not included as risk premium in compensation packages.