LogFAQs > #972058314

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TopicGM won't lay off employees, but is urging them to quit instead.
emblem-man
03/09/23 11:31:19 AM
#4:


cuttin_in_farm posted...
voluntary separation program in which eligible employees would get a lump sum payment and other severance based on how long they worked at the company.

This isn't really that weird is it TC? I've worked in companies where they have a period for people to do voluntarily layoffs. If not enough do the voluntary, then a regular round of layoffs happen.

It essentially gets older workers to accelerate their retirement plans since they end up leaving with a better severance package from taking the voluntary offer.

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