88.. Making the deal as palatable as possible is the task of the negotiators. If they are clever, they can propose terms that will encourage the seniors to leave but it is not going to be so easy now as there are not going to be other opportunities, so its has to be cash above the statutory minimum. In the 3 downsizings I have been through, most people left voluntarily, but there were other jobs around then. Bad times for all, your hat may be a good idea.