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3M offers buy outs to senior workers – 04/13/09

Posted on April 10, 2009 | in Labor News | by

3M company is offering early retirement buyouts to 3,600 nonunion workers. The company made the announcement on Thursday, a week after it announced plans to cut 1,200 jobs. The offer is being made to workers the age of 55 or more with 30 years at the company and to workers who are 59 with at least five years with the company. Workers who accept the offer will have a year of service added to their record when it comes time to calculate pension benefits.

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