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Incentives to resign or retire

Thousands of employees at Eastman Kodak are seriously pondering whether they should quit their jobs. This wave of soul searching does not mean that morale or working conditions at the company have suddenly deteriorated. Employees are thinking about leaving because management is tempting them with severance payments as high as half their annual salaries. Employees who are 55 or older with 21 or more years of service will get, on top of the lump-sum bonuses, at least 55% of the pension benefits they were expecting at age 65.

Kodak is one of a growing number of recession-plagued companies...

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