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In reply to the discussion: Unemployable At 50 Fate Of Present And Future Workers [View all]FreeJoe
(1,039 posts)We have the opposite problem where I work. Because our industry was in huge decline for about 15 years in the 80s and 90s, we have a big gap between the older workers and younger workers. We are working hard to retain the older workers while we are developing the younger workers. We have a group that meets periodically to discuss options for retaining older workers. We've made changes to the pension program, offered an option 32 hour work week, and in some cases have started giving retention bonuses.
Another company I worked at many years ago exploited the age discrimination issue in a clever way. They highered old engineers let go by bigger companies trying to make room for younger staff. They then turned around and contracted them back to the companies that let them go. It was a weird dynamic.