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Voluntary retirement program ends
The voluntary Special Early Retirement Program (SERP) has had a significant
impact on Digital's workforce. Some 3,700 employees took advantage of the
program, which ended May 29. It was offered to about 7,000 U.S. employees
who, as of May 31, were at least 50 years old with five or more years of
service, or at least 60 with one or more years of service to Digital.
Just about everyone I've talked with said they're leaving feeling very
positive about the experience," said David Landry, U.S. Transition manager.
"The majority of employees who elected SERP would not have been eligible for
the normal early retirement policy. Under SERP, they received an improved
pension benefit, lifelong medical and dental coverage, continued life
insurance, and outplacement assistance."
Annette Albright, U.S. Employee Relations manager, said a Retiree Relations
Program Office has been created in response to the needs of our expanded
retiree population. "We are saying goodbye to many colleagues and friends
who have dedicated years to Digital's success," she said. "We wish them
success in their new pursuits, but we also want them to have lasting bonds
with the company.
"All retirees are potential good-will ambassadors for Digital. We want to
establish a contact place within the company through which we can communicate
with retirees to our mutual advantage," Annette said. Each retiree received
a watch and a gold badge which enables them to use company facilities.
A small number of SERP retirees will be finishing critical work at Digital as
external contracts or consultants, according to Dick Farrahar, vice president,
Personnel.
"They will be working to close out business that was important to Digital and
most of their work will be finished in a month or two," he added.
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| Date: Mon, 1 Jun 92 08:41:43 PDT
Lines: 144
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Digital Equipment Corporation
Maynard, Massachusetts 01754-2571
Editorial contact:
Dallas Kirk
(508) 493-4562
3,700 ELECT TO RETIRE AT DIGITAL
MAYNARD, MA -- June 1, 1992 -- Digital Equipment Corporation announced
today the conclusion of its U.S. Special Early Retirement Program. Of
the 7,200 eligible employees, 3,700 accepted the offer to retire. Kenneth
H. Olsen, President, stated, "Digital has grown into an industry leader due
in a large measure to the contributions of these employees. We are pleased
that they will now be able to bring their strong experience to new business
endeavors or devote more time to personal pursuits."
Among those retiring are seven corporate officers. They are:
George A. Chamberlain, 3rd A 24 year employee of Digital, Chamberlain
Vice President, Marketing began his career as manager of the Treasury
Finance Department. Other positions held over the
years include: manager of Corporate Informa-
tion Services, assistant treasurer, treasurer,
vice president of finance for Manufacturing,
Engineering, and Marketing.
Henry J. Crouse Crouse joined Digital in 1959 as assistant to
Vice President, the president. Since that time, he has held
Strategic Relations management positions within the company,
including purchasing manager and corporate
manager of Administration, group manager for
External Manufacturing, vice president of
External Resources, and vice president of
Manufacturing-Europe. In May of 1988, Crouse
was selected as the startup president of the
Open Software Foundation.
James G. Cudmore Cudmore began his career at Digital in 1960 as
Vice President, circuit design engineer. He has held
Operations Staff engineering, manufacturing and marketing
management positions in such areas as the
semiconductor development/manufacturing
group, large scale integrated circuits group,
OEM product line, low end engineering and
product operations.
William J. Heffner Heffner is a 17 year Digital employee. He
Vice President, began his career as group software engineer-
Image, Voice and ing manager and served as the head of the
Video Products 32-bit software development effort, which
produced VMS and many other software products.
Robert C. Hughes Hughes has held several sales and marketing
Vice President, management positions for Digital since 1976.
U.S. Sales His past responsibilities have included vice
president of National Accounts, vice president
of Industry Marketing, vice president of the
Office and Information Systems Product Group,
the Telecommunications Group, and the Small
Business Group. He has also held positions as
regional sales manager and headquarters sales
program manager.
Albert E. Mullin, Jr. Mullin joined the company in 1972 and was
Vice President, responsible for Digital's investor, govern-
Corporate Relations ment and community relations. He is a member
of the board of directors of the Computer and
Business Equipment Manufacturers Association,
the Associated Industries of Massachusetts,
the Conservation Law Foundation, the Pine
Street Inn, and the board of trustees of the
Massachusetts Taxpayers Foundation.
Richard H. Yen Yen joined Digital in 1972 as general manager,
Vice President, Taiwan. His most recent position included
Far East Manufacturing responsibility for the company's Taiwan design
engineering operation, the Tokyo Sourcing and
Purchasing Group, and manufacturing facilities
in Taiwan, Singapore, and Hong Kong.
The Special Early Retirement Program provided 26 weeks of pay in a lump sum
and added 5 years of service and 5 years of age to the normal retirement
plan. John F. Smith, Senior Vice President of Operations, said, "We are
extremely proud of all of our retirees. They will continue as valued
members of the Digital family. A new Digital Retiree Program Office has
been opened that will facilitate the involvement of our retirees in our
future."
Henry J. Crouse, a 33 year employee, said, "I feel fortunate to have had
a varied and rich career at Digital. It is a great company which respects
the individual and appreciates their contributions."
Digital Equipment Corporation, headquartered in Maynard, Massachusetts, is
the leading worldwide supplier of networked computer systems, software and
services. Digital pioneered and leads the industry in interactive,
distributed multivendor computing. Digital and its partners deliver the
power to use the best integrated solutions - from desktop to data center -
in open information environments.
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CORP/92/666
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