HDC offers employees option of voluntary redundancy and retirement

Housing Development Corporation (HDC) has offered employees voluntary redundancy or retirement following board-approved policy amendments. The voluntary redundancy scheme provides a severance package, while voluntary retirement offers a lump-sum benefit based on service length and position. This move mirrors similar measures at state-owned Fenaka Corporation, which has over 8,000 employees and is offering four months' salary severance and early retirement to stabilize its finances.

Housing Development Corporation (HDC) has offered employees voluntary redundancy or retirement following board-approved policy amendments. The voluntary redundancy scheme provides a severance package, while voluntary retirement offers a lump-sum benefit based on service length and position. This move mirrors similar measures at state-owned Fenaka Corporation, which has over 8,000 employees and is offering four months' salary severance and early retirement to stabilize its finances.

Housing Development Corporation (HDC) has offered employees voluntary redundancy or retirement following board-approved policy amendments. The voluntary redundancy scheme provides a severance package, while voluntary retirement offers a lump-sum benefit based on service length and position. This move mirrors similar measures at state-owned Fenaka Corporation, which has over 8,000 employees and is offering four months' salary severance and early retirement to stabilize its finances.

This story involves 1 source and may affect public understanding of voluntary redundancy / voluntary retirement.