This is normal for most corporations. "Voluntary" package comes first. Normally a bonus tied to your years of service is attached. For example, one weeks pay times years in service. Next is the involuntary layoffs with no bonus package. People get scared and take the package.
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People take the package hoping to get another job some place else. Big flaw in this decision is ignoring their age. Very few companies want people in their mid to late 40's and older working for them when they can get H1B Visas or the young.
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Sears/Kmart
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