"...The union said that the new deal was helped with the help of Acting U.S. Secretary of Labor Julie Su, and told the striking workers it "is worthy of your consideration." ...The corporation is also offering employees 12% in 401(k) contributions, plus a one-time contribution of $5,000 to workers' retirement accounts. ..."
Reference: www.foxbusiness.com
Microsoft’s plan for reducing its workforce: Retirement buyout vs. layoff
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*Article Excerpt:* "...Employees at and below the senior director level
whose age and tenure at Microsoft add up to at least 70 are eligible for
what is...