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'Early out' an easy out?
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August 17, 2001: 2:44 p.m. ET
Early retirement plans offer benefits for workers -- and management
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NEW YORK (CNNfn) - Ford Motor Co. said Friday it will cut between 4,000 and 5,000 management positions through early retirement programs. The company expects enough employees to sign up for the program that it does not anticipate any layoffs.
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VIDEO
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Programs like Ford's not only ease management's guilt about letting employees go, but they also lessen the likelihood of lawsuits that often accompany layoffs.
Employment specialists say early retirement plans have fallen out of favor recently due to employees' changing concepts of life-long jobs and lowered expectations on corporate pension plans.
CNNfn's Valerie Morris takes a look at Ford's "voluntary separation" program. 
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