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G.E. Blames WB Furloughs, Early-Retire Plan on Economy

By on February 14, 2013

G-E SAYS A SLOWDOWN IN CUSTOMER ORDERS IS FORCING IT TO FURLOUGH SOME OF ITS WEST BURLINGTON EMPLOYEES FOR A WEEK AND OFFER OTHERS EARLY RETIREMENT. 

MANAGEMENT MET WITH STAFF LATE LAST WEEK AND GAVE THEM A CHOICE OF TAKING FIVE FRIDAYS OFF IN A ROW WITHOUT PAY OR ONE WEEK STRAIGHT.  THEY CHOSE TO TAKE A WEEK AT THE END OF THE MONTH. 

WORKERS WHO ARE 60 OR OLDER WITH AT LEAST 10 YEARS ON THE JOB ARE BEING OFFERED EARLY RETIREMENT PACKAGES.  11 EMPLOYEES AT THE SWITCH-GEAR PLANT QUALIFY AND HAVE UNTIL TOMORROW(FRI) TO DECIDE.