This document discusses management of redundancies in the workplace. It begins by defining redundancy as termination of employment and discusses the internal and external reasons an organization may undergo downsizing. It emphasizes the need for policies around redundancies to provide stability and security for employees. The document then details compensation packages for redundancy, approaches to dealing with workforce reductions, and creating socially responsible downsizing plans. Finally, it examines voluntary retirement schemes as an option, outlining factors to consider in designing and implementing such a scheme.