ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Friday, July 12, 1996 TAG: 9607120038
SECTION: BUSINESS PAGE: A-5 EDITION: METRO
Big Island bosses take retirement bid
All 10 of the eligible supervisory employees at Georgia-Pacific Corp.'s Big Island paper mill in Bedford County have accepted early retirement.
Georgia-Pacific made the offer in May to 1,400 salaried employees nationwide as part of a three-year effort to cut expenses and increase pretax earnings.
The Atlanta-based forest products company said Thursday that 925, or 68 percent of the eligible employees, accepted. The voluntary retirement plan was available through July 8 to employees who were 65 and older or 55 and older with at least 10 years of service.
Georgia-Pacific has 47,000 management and hourly workers, including about 400 at the Big Island plant. The company also operates a distribution center in Roanoke, but workers in that division were not eligible for the retirement plan.
- Staff report
Briefly ...
Cox Enterprises Inc., Atlanta media company and majority owner of Cox Communications Inc., which operates Cox Cable Roanoke, said Thursday it has formed Cox Interactive Media to operate and expand existing on-line services developed at Cox local media businesses. The new company will focus on city sites, which include subjects unique to their local areas, and specialty niches, with subject matter of broader appeal.
Von Holtzbrinck Publishing Services Inc., an international publishing firm, will bring 315 jobs to Orange County when it moves from Salt Lake City next year. The company will invest $27 million in the move to a 93-acre site. Gov. George Allen has approved a $350,000 Governor's Opportunity Fund grant to help the county with site preparation.
LENGTH: Short : 42 linesby CNB