Bank of Boston Corp. said Thursday it will offer early retirement packages to 1,300 employees in an effort to reduce its total staff by 5%.

The staff reductions, which are scheduled to be completed by the first quarter of 1997, are a result of the bank's pending mergers with BayBanks Inc. and South Boston Savings Bank. After the two acquisitions are completed this summer, Bank of Boston's total work force will number 25,800.

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