Over the last year, management has pared more than 500 employees from the payroll, mostly - but not completely - through voluntary buyouts.

But he added, "We're very pleased that we'll be able to use this voluntary buyout in an effort to avoid any more involuntary layoffs."

DaimlerChrysler will try to reach its target through voluntary buyouts.

DaimlerChrysler said it would achieve the reduction of 8,500 jobs through voluntary buyouts.

Nissan's comments came a day after it offered voluntary buyouts to workers at two plants in Tennessee.

Expect the most capable to leave, as they always do when companies offer voluntary buyouts.

The guild has proposed a program of voluntary buyouts and an impartial review procedure.

In addition, the betting corporation plans to offer voluntary buyouts to about 100 employees.

What's more, the cuts will come over five years and are expected to take the form of voluntary buyouts and attrition.

Rather than rely on voluntary buyouts or retirements, the company will dismiss thousands.