This covers voluntary redundancy and early retirement.
This is where you ask employees if they'd like to volunteer for redundancy and then select those to be made redundant.
You must have a fair and transparent selection process and let employees know that just because they apply, it doesn't mean they'll get selected.
This is where you offer employees incentives to retire early. It is used as an alternative to voluntary redundancy.
The offer must be made across the workforce - you can't single out specific individuals.
You can't force anyone into early retirement - it must come from the employee.