Voluntary redundancy definition

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Voluntary redundancy

Voluntary redundancy logo #21000 Voluntary redundancy (VR) is a financial incentive offered by an organisation to encourage employees to voluntarily resign, typically in downsizing or restructuring situations. The purpose is to avoid layoffs or, in certain cases, to circumvent union employee regulation laws. ==Reasons== A Voluntary Redundancy Programme is not always driven by sho...
Found on http://en.wikipedia.org/wiki/Voluntary_redundancy
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