GPO Reports Results of Buyouts/Early Outs
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When the buyout program began, there were 2,232 employees. When it ended on Dec. 31, 2011, there were 1,920 employees. Since 1980, GPO has reduced its workforce by 70 percent as the result of using new technologies, a rate of change unparalleled elsewhere among other Legislative Branch agencies.
A total of 247 employees took GPO’s buyout/early out offer. In addition, there was a net reduction of 65 other employees from GPO during the same period, bringing the total to 312 departures. GPO anticipates saving nearly $17.9 million for the remainder of fiscal year 2012 and $23.9 million in fiscal year 2013, the first full year of saving after implementing the buyouts/early outs.
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