Sentences with phrase «voluntary buyouts»
"Voluntary buyouts" refers to a situation where an organization offers its employees the choice to leave their jobs in exchange for a financial package or other benefits. It is purely optional, meaning employees can decide whether they want to participate or not. Full definition
The company is in the midst of trying to cut its work force through voluntary buyouts even as it expands its global team to try to offer more legal products in other countries, Maess said.
slaw.ca
For example, Tim Hortons promptly fired 350 staff after the RBI takeover, and six months later, 15 % of its corporate staff were offered voluntary buyouts.
The New York Times (nyt) is offering employees voluntary buyout packages, the newspaper announced Wednesday.
«Officials at the Department of Energy (DOE) lab hope to meet the target through voluntary buyouts, and there are no immediate plans for layoffs.
The Brooklyn Museum is offering voluntary buyouts to address a budget deficit of about $ 3 million, the museum's director, Anne Pasternak, informed the staff on Wednesday.
The voluntary buyout program was offered by the state to several neighborhoods devastated by Sandy.
The voluntary buyouts are intended to prepare the lab for a second round of automatic cuts that will occur in 2014 unless Congress agrees on another approach to reducing federal spending, say Oak Ridge Director Thom Mason.
Officials hope to meet the target through voluntary buyouts, and there are no immediate plans for layoffs.
Despite the sales increases, Toyota officially implemented a voluntary buyout program to roughly ten percent of its 6100 U.S. headquarters staff in Torrance, CA.
If your rollover was due to a voluntary buyout of your pension plan, speak with one of our consultants about our P.A.R. Program, a comprehensive Pension Alternatives Review.
In my mention of a plan to protect spawning bluefin tuna with a voluntary buyout allowing vessels in the Gulf to switch from using longlines bearing hundreds of baited hooks to more selective gear that would not catch bluefin tuna, I said the money would come from the Pew Charitable Trusts.
For private and public sector employers, he has provided knowledgeable counsel on a broad range of issues, including: workplace safety and insurance, employment standards, human rights, hiring, terminations, involuntary and voluntary buyouts and common law obligations in Canada.