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General Motors took a different approach to cost-cutting: giving employees the choice to stay or leave. The results have already proved to pay off, saving the company an estimated $1 billion per year.
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General Motors' Voluntary Separation Program proved popular
General Motors’ drive to make employees leave out of their own volition is working. Last month, General Motors announced a Voluntary Separation Program (VSP)…
Buyouts are a way to incentivize employees to leave a company in order to reduce wage expenses and bring down costs.