For NL: Those severance packages generally have to be applied broadly so everyone can make the choice. They usually result in the ones who know they can easily

For NL: Those severance packages generally have to be applied broadly so everyone can make the choice. They usually result in the ones who know they can easily find a job moving on and the rest staying and thus don't happen that often. In general they let term-limited contract expire and offer people in early retirement. Doing layoff's when you are making a massive profit is not easy, it might be doable but it's not easy. Fun part: Sometimes you cannot chose who you fire, the age distribution in the company may not change so firing everyone older than 45 is not an option in general.