As the economic downfall continues, Best Buy has now offered a buyout to 4,000 corporate employees. According to the voluntary plan, employees will be offered 7.5 months of severance pay, one year health care and life insurance along with outplacement services to those who leave the company between now and January 5. Employees whose age plus experience in the company reached 60, will be provided 12 months of severance pay. The company has not yet made public the exact number of buyouts. According to Susan Busch, company’s spokeswoman:
Once we have a sense of how many people volunteer to participate in this program, we’re going to have to balance that out with some other decision across the company and decide what our next steps are, but we’re not going to speculate on what those next steps might be.