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DuPont's 'early out' offer successful.

DuPont's "early out' offer successful

Nearly twice the expected number of DuPont Co. employees have accepted an early retirement offer, posing some difficulties for the company. DuPont had expected 6,500 workers to accept the offer, which was made to streamline operations (see Monthly Labor Review, April 1985, p. 61).

DuPont vice president John R. Mallory called the program a "huge success,' but admitted that the company will lose some people it wanted to keep. Company officials said that the unexpectedly large number of departures would force DuPont to hire employees in certain areas and that some key employees had been induced to stay through bonuses and raises.
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Title Annotation:early retirement, DuPont Co.
Publication:Monthly Labor Review
Date:Jun 1, 1985
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