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Voluntary redundancy

Voluntary redundancy (VR) is a financial incentive offered by an organisation to encourage employees to voluntarily resign,[1] typically in downsizing or restructuring situations. The purpose is to avoid compulsory redundancies or layoffs.

  1. ^ "Voluntary redundancy: What are my rights? | reed.co.uk". reed.co.uk. 2018-05-23. Retrieved 2018-11-22.

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