ALBANY, GA (WALB) - Trying to avoid layoffs, Georgia Power is offering employees a buyout package in exchange for their retirement.
The utility estimates it must shave off as many as 400 jobs.
A Georgia Power spokeswoman said the cuts are in response to the worsening economy and projections indicate the trend will continue in 2009. Those who agree to take the buyout could get a years pay, but there are some restrictions to qualify.
"It's really any employee who has over ten years with the company would qualify to apply for the plan," said Jay Smith of Georgia Power. "What the upper management will do once those people that are interested have submitted their letter of interest, then of course upper management will have to look at the numbers, how many people, what kind of jobs."
Georgia Power has also cut back on hiring.