You aren't looking at thos right

It is a staging block move to lower future redundancy costs by cutting pay and therefore benefits now.

By doing this there is some benefit to the corporation now and then a large benefit later when further headcount reductions are made.

I'm from the inside. I knew this was coming as it was being discussed. And when I was told that in the last round of VR, not only would the corporation give me a letter I was compulsory not just VR so my insurance policies paid out....I took the VR and legged it before that could be touched next time around.

Run away now (and that is also what is being hoped for by this move) or put up with it and wait your turn. you shouldn't have to wait long. Sometime between now and the end of Q2 I would expect. With a dead cert for a mass cull prior to the end of Q3