Originally Posted by
Angel 8
Last in, First out is by far the best option:
A) no matter what’s the number of redundancies, those at the bottom would want to come back when hiring starts again, and are cheaper to re-qualify.
B) you really need to keep the senior staff, especially trainers to be ready to do the task in A above.
C) if you offer voluntary Redundancies, you have no idea who’s gonna take it, so you could loose all in B above.
A couple of points of note - in the U.K. you can’t use JUST first In last out, other points need to be considered. Also the whole process takes months through consultation etc, so would be pointless as you would finally get rid of people just as you need them back. So in my opinion actual redundancies would be pointless.
The best method would be offering decent packages to those close to retirement, they would be leaving soon anyway. Make way for the guys who have longer left in this game!