Sharp Overwhelmed By Volunteers For Early Retirement

jfruh writes "Sharp, the Japanese LCD supplier in dire financial straits, is trying to cut staffing by offering an early retirement package. Unfortunately, it seems Sharp employees are eager to abandon a sinking ship. The company was planning on cutting its headcount by about 2,000 employees with the move; instead, it had to cut short the program after getting nearly 3,000 applicants."

Comments

Millions work just for healthcare.

[140Mandak262Jamuna]

During all these debates and points and counterpoints made during the elections about Obamacare and unemployment rates etc was this nugget:

About 1 million Americans have saved enough for retirement and would retire right away if affordable health insurance was available to individuals. They all hang on till they are 65 (some till their spouses are 65) to qualify for medicare.

In our company one of the very rich founders, a real genuine millionaire, was working as the CFO for the salary of 1 $ a year plus healthcare!

If Americans can buy health insurance at affordable prices, as individuals, not as part of a group, so many would go part time, or move to start ups or start their own companies or even take long breaks. So many Americans who have health insurance through their jobs fight tooth-and-nail any attempt to de-link healthcare from employment. But it is a devil's bargain, as long as this system continues, it is yoking so many people to the jobs they hate.