Putting Your Severance Plan to Work for You

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Putting Your Severance Plan to Work for You

Whether the results of a merger, acquisition, business realignment or economic downturn, U.S. companies have been faced with the hard reality of restructuring, downsizing and staff reductions. In this business environment, many companies are reviewing their severance policies as a top priority, surprisingly; most severance plans have remained essentially unchanged for years. As a result, companies are missing significant cost-saving opportunities.