Voluntary redundancy (VR) is a financial incentive offered by an organisation to encourage employees to voluntarily resign,[1] typically in downsizing or restructuring situations.
A voluntary redundancy programme is not always driven by short term revenue goals.
Those who voluntarily left were given between 12 and 16 months of severance, 50,000 kronor, and a course in entrepreneurship coupled with job placement services.
[citation needed] Delta Air Lines, in the aftermath of its bankruptcy filing, offered a programme that included limited flight benefits for a set period after voluntary resignation.
In light of rising fuel prices, it turned back to a VR programme.