Reason for Leaving Last Job: "Voluntary Redundancy"

Sack yourself now or risk being sacked by us later. That’s the choice Nokia (NOK) presented to employees today, announcing plans to offer severance packages to the first 1,000 workers who resign their posts. The resignation-for-severance deal is aimed at reducing personnel-related costs and, in the words of Hallstein Moerk, Nokia’s head of human resources, “lessening the need for involuntary redundancies.”

“Involuntary redundancies.” What a nice little euphemism.

Anyway, Nokia’s Global Voluntary Resignation Package will kick off on March 1. Employees can register for it until 1,000 applicants have been let go or until May 31– whichever comes first.