Amtrak Offering Managers, Employees Buyouts

Amtrak is offering a buyout of managers and employees not covered by a union contract.

Employees must have been with the company for at least a year and must declare their intention to take it between Nov. 6 and 17.

Those approved for the buyout will leave their post by Dec. 31 although some workers may be asked to stay for a transition period.

The buyouts will be paid in a lump sum ranging from $15,000, up to a maximum of two weeks gross pay for each year of service, up to 26 weeks gross pay.

Amtrak has indicated that it is trying to reduce its employment count and if not enough employees agree to a buyout it will lay off employees starting in January.

All employees taking buyouts or who are laid off are expected to be gone from Amtrak by the end of January.

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