The early retirement incentive program: a downsizing strategy

The literature on downsizing and downsizing through early retirement programs lead to a clear conclusion: managers must take a very thoughtful approach to downsizing. Poor planning, knee‐jerk reactions, miscommunication with employees and the mishandling of remaining employees can lead to failure. Despite all the benefits, early retirement incentive programs have received harsh criticism on a number of fronts. The legal, societal, and individual...