Hello, I am 55 year old engineer who has worked for a large auto parts supplier for 25 years. I have always received exceptional reviews throughout my employment there. Today I was told that I was being offered a lower grade position for 20% less money and if I decided not to take it, I would be asked to resign. There are 4 other engineers in my area, all with less seniority. I want to know what my options are in this case. I feel that if I decide not to take this position that I may not be entitled to severance pay which would be substantial after my 25 years. A colleague of mine with 25 years was let go last year and received 3 weeks pay per year of service. I would be acceptable to that but I believe that they are offering me this other job so that I will just resign and they will save all the severance. Also they may fire me in 2 months from the new job and thus my severance would be reduced.