Ameren Announces Offer for Voluntary Retirement
Ameren Corporation (NYSE: AEE) announced today a voluntary retirement offer is being extended to certain employees of Ameren Missouri, and Ameren Services Company, an Ameren Corporation subsidiary that provides support services.
Eligible employees must be age 58 or over as of Dec. 31, 2011, and be full-time, regular employees. Management and employees, who are represented by unions that have agreed to participate, are eligible. The offer is not available to officers and certain management employees in key business areas, due to operational needs.
Approximately 715 of the roughly 5,700 Ameren Missouri and Ameren Services employees are eligible.
Eligible employees are being offered a lump sum payment of two weeks' pay for each full year of service with a minimum of 13 weeks and a maximum of 52 weeks of pay. Eligible employees will have until Dec. 22, 2011, to decide whether to accept the voluntary separation offer. Those who accept are expected to leave the company by year-end 2011.
