“In Waterford, 95 positions are being eliminated through a combination of attrition, retirements and voluntary job eliminations. There will be 50 union-represented positions eliminated, resulting in 10 layoffs.”
“The GE Company and the IUE Locals 359 and 380 worked together to minimize the involuntary impact of this reduction, which comes in response to the intense pressure the business has been facing with price erosion and a slowdown in the marketplace. All impacted employees will have layoff benefits, counseling benefits and special placement programs available to them.”
