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47 General Electric employees to lose jobs

April 05, 2007|By DAN DEARTH

HAGERSTOWN - Forty-seven General Electric employees will lose their jobs in August when the company's lighting distribution center in Hagerstown closes its doors for good, according to a General Electric spokeswoman.

An additional 41 contractors who perform work for General Electric at the facility will lose work as well, Janice Fraser said.

It is General Electric's policy to provide at least one year's notice before closing a plant, Fraser said. The job cuts at the Hagerstown facility were announced in October 2005, she said.

General Electric will move the Hagerstown facility's operations to a larger plant in Cleveland, Tenn., Fraser said.

"It will allow us to streamline ... and better serve customers," she said.

The company will offer various severance packages depending, in part, on an employees' tenure, Fraser said.

Lump-sum payments will be made to employees with 15 or more years of service, she said.

Those employees will receive a check equal to two weeks of pay for each year of service, Fraser said. An employee with 20 years of service who made $600 a week, for example, would receive a severance payment of $24,000, or $600 times 2 weeks times 20 years.

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She said employees who are 55 to 59 years old with 25 or more years of pension-qualification service will have the opportunity to take early retirement with full benefits.

All employees will receive continued medical and dental coverage under the General Electric plan for one year after the date of losing their jobs, Fraser said.

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