Given the need to reduce expenses does anyone think there is a chance they ask for volunteers to get a severance package? I know of a few companies that in the same position offered those over 50 or 55 the option to leave with a package.
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I'm actually surprised that WF has not offered some kind of early retirement. Many companies do this early on when they want to reduce staff levels. Those approaching retirement are often at the higher end of their job compensation, and it allows advancement opportunities for those just beginning their career.
The handbook defines displacement as an involuntary termination initiated by management. I think the OP is referring to more of an early retirement program. I agree that offering early retirement would help job loss concerns. Early retirement would be an incentive for those close to retirement to vacate their positions, and hopefully reduce job loss for those not prepared to retire yet.
The problem with a volunteer program is that the smart ones will be the ones that leave, and the slugs will be the ones that stay. I'm sure that someone who has "displaced" many people over his career understands this, so I would doubt it happens.
Volunteer programs are used to help morale during layoffs. Charlie doesn't care about morale. He still refers to WF in interviews as them. Listen next time.
The second sentence of the displacement Policy does not permit for volunteers. Would be nice if WF treated employees as adults and stood by the new expectations, embracing candor to explain timeline.