Giant offering buyouts to 4,200 in Balto., D.C.

February 06, 1999

Giant Food Inc. is offering voluntary buyouts to 4,200 of its store employees in Baltimore and Washington as part of the company's long-term plan to stay competitive in the region, Richard A. Baird, Giant's chief executive officer, said yesterday.

Eligible employees -- those hired before Jan. 15, 1992, for food; Oct. 9, 1983, for meat; or Aug. 27, 1977, for general merchandise/pharmacy -- would get a one-time lump sum payment of $30,000 if full-time workers and $22,000 if part-timers.

After a 30-day period, those employees would be eligible to apply for re-employment at Giant, the company said.

The company, which employs 27,000, is targeting employees at the higher wage and benefit scale in a two-tiered system, Baird said.

"If you choose to not participate, it will have absolutely no impact on your employment status with Giant," employees in the Baltimore area were told in a letter signed by Roger D. Olson, senior vice president for human resources, and Buddy Mays, president of the United Food and Commercial Workers Local 27, which represents Giant's Baltimore-area workers. Employees, who were sent notices in late January, can apply through March 24.

Pub Date: 2/06/99

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