Originally Posted Online: Jan. 29, 2013, 7:14 pm
Last Updated: Jan. 29, 2013, 9:09 pm
Arsenal offering early retirement to 200
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By Eric Timmons, email@example.com
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The Rock Island Arsenal Joint Manufacturing & Technology Center's workforce could be cut by 13 percent if 200 of its 1,500 employees accept an early retirement package.
Early retirement packages are being offered to 200 workers at the Rock Island Arsenal Joint Manufacturing & Technology Center.
The JMTC employs about 1,500 blue- and white-collar workers, meaning the workforce would be cut by 13 percent if all of the early retirement slots are filled.
A lump sum payment of up to $25,000 will be made to workers whose applications for early retirement are accepted.
"We did this to position the Rock Island Joint Manufacturing &Technology Center to be an economical option to the army and the Joint Services during a time of decreasing defense spending," said Rock Island Arsenal spokesman Rhys Fullerlove.
The early retirement program has been planned for a year, Mr. Fullerlove said, and has "nothing to do with the budget cuts or sequestration."
As the war in Afghanistan continues to wind down and with the war in Iraq now over, defense spending is expected to fall in the coming years.
Congress has until the end of next month to find a way to avert the automatic spending cuts known as sequestration that would cut billions from defense spending.However, there's bipartisan opposition to cutting the defense budget.
Mr. Fullerlove said the JMTC reserved the right to turn down applicants for early retirement if they are from critical positions. The window to apply for the program opened Jan. 22 and will close Feb. 5, and Mr. Fullerlove said he could not say how many applications have been received so far.