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Government Printing Office offering buyouts, early retirements

Jul. 1, 2014 - 06:00AM   |  
By ANDY MEDICI   |   Comments
US-ECONOMY-2014 BUDGET
Some GPO employees could be offered buyouts as the office downsizes. (KAREN BLEIER / AFP/Getty Images)

The Government Printing Office is offering its employees buyouts and early retirements as part of a shift toward digital publishing, according to an announcement.

The buyouts and early retirements will be extended to the agency’s 1,850 employees. The GPO hopes 100 employees will take it up on its offer. The agency needs to complete the buyouts and retirements by the first quarter of fiscal 2015.

Employees will be offered up to $25,000 to leave the agency. The actual amount is based on a formula, so some may get less, according to the agency.

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"Unlike most Federal agencies, GPO operates like a business, covering most of its costs through the income we earn for the provision of information products and services," said Public Printer Davita Vance-Cooks. "As the Government's publisher, we're committed to ensuring that our staffing and other requirements match our customers' needs in this digital age."

GPO conducted buyouts and early retirements in 2011 that the agency said saved about $24 million. Since 1980, GPO has reduced its workforce by 70% as the result of using new technologies, according to the agency.

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