Thank you everyone!
Maybe this is important: This is actually a restructuring, turning two levels into three. However, this new level that I am put into, while the same title I had before, was presented to us as a higher level than we've had before. So, 3 out of 5 people at my level were put into the middle level (with no pay change), and one other woman and I were put into the highest level (again with no pay change), and were told it was a promotion -- which wouldn't it be, since it was not a demotion for the other three to be put into a level lower?
Marcus, I did ask why I can't be put into the middle level, with the others. Apparently, no one had considered that I, and the other woman this effects, might not want this job, and they have to find out what to do.
I don't think they are going to fire me, for lots of reasons. And I wouldn't quit just because of this, but I truly do not need the added stress that will ensue from what the new job description entails. Basically, they want to get more work out of us for less pay. We're going to be expected to do the manager's jobs, without the manager pay (or training), and they know that I am not at all interested in applying for a position as a manager, nor is the other woman put in at the higher level.
As far as I know, I won't quit right away, just wanted to consider all of my options here, and the unemployment issue is an unkown to me. I will wait to see what HR can come up with, but I'd rather be more informed, than less.