Employee Relations: Du Pont's Retirement Rush

Du Pont's Retirement Rush

When Du Pont wanted to trim its 100,000-employee U.S. work force last January, the company sought to avoid the hardship of layoffs by offering instead a generous early-retirement program. Du Pont estimated at the time that about 5,500 workers would cash in on the deal. But apparently the terms were far more attractive than the company realized. Du Pont plans to announce this week that about 12,000 workers intend to leave. This number is expected to include some highly talented employees whom the company would be sorry to lose. Du Pont's lucrative deal provided for pension benefits to be calculated as...

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