Procter & Gamble asks 300 to retire early
May 15, 2009
ALBANY, GA — Industry giant Procter & Gamble is asking 300 individuals at its Southwest Georgia paper plant to retire early, according to Georgia Public Broadcasting News.
Severance packages will be offered on a case-by-case basis to employees who decide to follow through with the company''s request, the story stated.
Vince Falcione of Procter & Gamble said of the early retirement package: "It will include severance pay. It will include an extension of employee benefits. It will also include career counseling and assistance."
Albany''s largest employer, Procter & Gamble, is branding the move "voluntary separations," which has different connotations than calling the proposal "layoffs," the story noted.
The Georgia Department of Labor stresses that voluntary separations are different from layoffs because unemployment benefits are determined differently and not guaranteed with voluntary separations, the story added.
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