Businesses Try To Stave Off Brain Drain As Boomers Retire

Businesses Try To Stave Off Brain Drain As Boomers Retire

In the U.S., roughly 10,000 people reach retirement age every day. And though not everyone who turns 62 or 65 retires right away, enough do that some companies are trying to head off the problem.

Dave Tobelmann, who for 33 years developed new products for General Mills, retired five years ago at age 57 — around the same time as a number of other colleagues. “Yeah, I went to a lot of retirement parties,” Tobelmann says.

Losing veteran workers is a challenge, even for big companies like General Mills.

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