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BOSTON GLOBE OFFERS SELECTIVE BUYOUT PROGRAM TO WHITE COLLAR UNION EMPLOYEES

 BOSTON GLOBE OFFERS SELECTIVE BUYOUT PROGRAM
 TO WHITE COLLAR UNION EMPLOYEES
 BOSTON, March 18 /PRNewswire/ -- The Boston Globe announced today it is offering a selective buyout program, with one of two options available, to the paper's white collar union employees to effect long term cost reductions at the company. Participation in the program is voluntary.
 The white collar employees who are potentially eligible include editorial, advertising, circulation, finance, administrative, maintenance, information services, security, promotion and marketing, all of whom are represented by the Boston Globe Employees Association (B.G.E.A.).
 Globe spokesman Richard P. Gulla said management is offering the program on a selective basis and only to full-time, active employees.
 "The program will affect a limited number of staff in certain job classifications and departments where the company feels the reduction in personnel can be managed without having to replace those who accept one of the buyout options, " said Gulla.
 Out of about 275 full-time employees who may be eligible, the Globe has set a cap of 57 on the number of employees it will accept under the two options together. The breakdown by job classifications amounts to 30 positions on the editorial/news side and 27 in the business offices of the company.
 Employees may choose between an early retirement option or a separate lump-sum cash buyout option. Employees who may be eligible for both options will have their choice, but no one may participate in both. Anyone selecting the cash buyout provision, however, will retain all regular pension benefits.
 Gulla said that if a particular job classification in a certain department has more people interested in participating than the cap permits, the most senior employee will be accepted.
 For the early retirement option, the minimum requirements for eligibility are 52 years of age with 20 years of service or 62 years of age with 15 years of service. The lump sum cash option will require a minimum of 10 years of service.
 Eligible employees will have 45 days from April 8 to decide if they want to accept the offer. The buyout program is being offered outside of the current negotiations between Globe management and the B.G.E.A.
 Early in 1991, the globe announced an attrition program to reduce its staff by 100 positions, or 5 percent, over five years.
 In July and August 1991, the Globe offered its management personnel a voluntary early retirement offer which was accepted by 20 employees.
 The Globe and the B.G.E.A., after more than a year of talks, agreed to federal mediation earlier this year in an effort to resolve differences in reaching a contract.
 -0- 3/18/92
 /CONTACT: Richard P. Gulla of the Boston Globe, 617-929-3288/ CO: The Boston Globe ST: Massachusetts IN: SU:


TM-EG -- NE009 -- 9309 03/18/92 14:10 EST
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Publication:PR Newswire
Date:Mar 18, 1992
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