Strickland seeks to downsize by offering early retirement — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Strickland seeks to downsize by offering early retirement

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Gov. Ted Strickland has directed state agencies to draft proposals for offering early retirement incentives to trim their staffs and save money.

Spokesman Keith Dailey said Strickland is concerned about the possibility of a recession and its potential impact on the state budget, citing the faltering housing market and rising energy costs.

The governor asked agency heads to offer voluntary buyouts to at least 5% of eligible employees, primarily union members. He also requested plans for mandatory buyouts.

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