WATERFORD, N.Y. (Jan. 20) — General Electric Co.´s GE Silicones unit will lay off workers as a cost-cutting measure at its Waterford, N.Y., facility.
A GE Silicones press release said 95 jobs would be cut through attrition, retirement and voluntary job eliminations, and 50 of those jobs would be union positions. However, a spokesman for IUE-CWA Local 380, which organizes the Waterford plant, said those numbers were "ballpark figures" which were still subject to negotiation.
At this point the company and the union are discussing the issue of early retirement packages which would allow Waterford employees at least 50 years of age with a minimum of 25 years of service to retire, the spokesman said. Negotiations will continue "´til both sides are satisfied," he added.
Besides layoff benefits and benefits counseling, GE Silicones will provide special placement programs to affected employees, the GE press release stated. Price erosion and a slowdown in the marketplace made the job eliminations necessary, it added.
The Waterford facility manufactures various silicone products including adhesives, sealants, resins and water repellents. It currently employs about 1,000, including approximately 700 union workers.