Staffing Process. An early retirement offer will be made to all active full time employees in Local 1000A branches who are age 55 or older. The offer will be made 6 months in advance of the opening of a new facility. The timing of their departure will be managed by the Company based on the needs of the business. The severance package based on 3 weeks pay per full time years of completed service or salary continuance to age 65 whichever is the lesser. In addition to this the Company shall offer severances packages on a 1:1 basis for up to 10 positions in Freemont in order to create opportunities for ▇▇▇▇ ▇▇▇▇▇ employees.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement