Update on One-Time Enhanced Incentive Offer in New York and New England

The volunteer period for New York and New England associates ended on June 1, 2010. Employees who volunteered for the Enhanced Offer have been notified of their status by their supervisors and will receive a letter in the mail at their homes confirming their status by the middle of this week. Employees who volunteered and who do not receive a letter by Thursday, June 17, should contact their supervisor immediately.

Employees who volunteered to accept the Offer fall into one of three categories – accepted, oversubscription or non-surplus:

  • The off-payroll date for employees who were notified that their election was accepted will be this Sunday, June 20, 2010.
  • Employees who volunteered but have not been notified of acceptance, either because of oversubscription or because they are non-surplus, will remain on the payroll at this time.

Although non-surplus associates received an Incentive Offer, they are in locations or job titles that were not included in the surplus declaration. The Company and Unions are in discussions regarding the status of oversubscribed and non-surplus employees. Additional communications will be sent out when these discussions are completed.