Examlex
In most labor contracts, probationary employees will be laid off first, with further necessary layoffs being made in accordance with plantwide seniority.
Technical System
An organized collection of technologies, machines, and processes used to achieve a specific objective or to perform a particular function.
High-Performance
Achieving superior outcomes through focused strategies, efficient execution, and exceptional quality.
Early Retirement
The act of leaving one's profession or career and ceasing to work before reaching the traditional age of retirement.
Downsizing
A strategic reduction of the workforce by a company through layoffs, often with the intent of reducing costs and improving efficiency or profitability.
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