It pays a little better than being unemployed and helps to open the door to other companies that may be hiring
Many downsides to working at Continental! First, there has been between a 40% and 60% reduction in pay, no personal days, no sick days, and the COO insists that his name comes before everyone else's. This is a company policy! The best people who have been at Continental for a very long time (for example: 16 years, 35 years, 41 years) have either been walked out the door or have left because they can't afford to stay. The equipment is ancient and in terrible condition and tooling is in disrepair. All expenses are scrutinized. Expense checks are behind, there is no paper in the stock room, and the desks of those leaving are being scavenged for needed supplies.
Advice to Management
Joan Luckino is very hands-off (she is frail), her son-in-law Tony Catenacci is president but he leaves the day-to-day operations to Russ Thomas, the COO. Mr. Catenacci should sell the company to someone who is willing to make the investment to make Continental a great company like it used to be.
For me it was close to home and I liked the hours.
No raises is 5 years. No bonuses or matching 401k 4 years. 21% of gross pay went for medical coverage. No tuition reimbursement, even if a class was work related. 10% (March 2008) pay reduction as well as taking away personal time and B-day pay. No acknowledgment of Christmas or Thanksgiving. They are the process of restructuring/downsizing of senior dedicated employees to save $$$$.
Advice to Management
Treat people better. The CEO of the company insists that his name goes first (then the management team - alphabetically by last name) in all email messages that he's in. He's picture (larger than every ones) has to appear on ea page of the organizational chart. HR group is the worst; Company does even provide evaluations. Most people that leave sue.
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