The restructuring of Norfolk Southern Corp. announced last week is the latest step in completing the five-year-old merger of Norfolk and Western Railway Co. and Southern Railway Co., company officials said.

The company began a consolidation of its 21 transportation divisions into 14 last week and took steps to cut more than 900 management-level employes from the payroll through an early retirement plan.

"We started with two financially well-off, well-managed companies. And since the merger, we have been following industry trends to rationalize and streamline operations," said Robert C. Fort, assistant vice president of public relations for Norfolk Southern. "So far we have been blessed with being on the top of the lean-and-mean category, {and} we plan to stay that way."

Streamlining operations means combining operations and "bringing employment levels down to employment needs," said Neil Monroe, Norfolk Southern's special representative for public relations.

Norfolk Southern began aggressively cutting back its work force last fall, when it offered conductors and brakemen $25,000 to quit their jobs. This year the company promised $40,000 to conductors and brakemen if they left their jobs. The one-time payment includes continued medical benefits to age 65 and $10,000 death benefits for employes 55 or older. More than 800 employes have accepted the company's buyout offers in the past year.

About 1,100 employes are eligible for Norfolk's most recent early retirement offer. According to the plan, nonunion employes who are 55 or older with at least five years of service, will receive the rest of their 1987 salaries in a lump sum if they leave the company on Sept. 1 or Oct. 1. Five bonus years will be added to each retiree's years of company service when calculating pension payments. Norfolk Southern will also pay the bill when a retired employe moves more than 50 miles.

At the same time, the company is offering a buyout plan to managers and clerks under age 55, whereby the employe can take up to one year's salary in a lump sum if he leaves the company.

The programs have been successful in reducing the work force. Since the merger in June 1982, employment at Norfolk has dropped from 41,260 to about 32,500 this summer, according to Deborah Noxon, manager of corporate communications for Norfolk Southern.

"We are in the same position as other railroads. Traffic is going down, we are cutting system miles, and we have to cut manpower, too. We could lay off people, but nobody likes to do that," said Noxon.

"Business is flat, and all indications show that it will continue to be that way," said Monroe. But the lean-and-mean motto has kept the $4 billion Norfolk Southern profitable, with earnings per share up 3.4 percent this year over last.

The latest restructuring, which involved dissolving four Norfolk and Western divisions and three Southern Railway divisions, "dovetailed nicely with the early retirement plan," said Noxon. Many of the more than 900 employes who have already accepted the latest offer chose to leave on Sept. 1, which coincided with the restructuring announcement date. Supervisors from five of the cut divisions are retiring; the other two supervisors will be relocated.

"We want to avoid the implication that we cut jobs to effect the reorganization. It was not a direct cause-and-effect operation," said Fort. "But the fact is clear that we needed to reduce some positions."

Norfolk Southern Corp. is planning $9 million in improvements at its Lamberts Point pier to accommodate larger coal shipments.

The U.S. Army Corps of Engineers is making the Hampton Roads channel 10 feet deeper, enabling the port to handle deeper-draft vessels. The work at Norfolk Southern's pier 6 will include installing a new fender system around the pier, securing the foundation with grout and dredging 10 feet to match the Army Corps work.

"The ability of vessels to handle more tonnage through Hampton Roads will reduce ocean freight charges and thus make American coals more competitive with other foreign origin coals," said William B. Bales, Norfolk Southern's vice president of coal and ore traffic.

Telecom Publishing Group in Alexandria bought "Trends in Communications Management," a communications management newsletter published by the Telemation Management Group Inc. in New York.

Telecom will be folding "Trends in Communications Management" into "Telecom Manager," a new newsletter launched in April. "Telecom Manager" focuses on the newest voice, data and information services available from all the major carriers.

"This move triggers the beginning of major growth in the business market for the Telecom," said Chris Vestal, publisher of Telecom Publishing Group.

Figgie International Inc. in Richmond is relocating its Figgie Acceptance Corp. subsidiary back to the company's former corporate headquarters in Willoughby, Ohio, for tax reasons.

Figgie has been trying to change the Virginia state tax policy toward its Acceptance Corp. for the past three years. Recently, the Virginia State Tax Department made a final ruling against the company, so Figgie has chosen to move its subsidiary out of the state.

Figgie estimates that it will save $676,000 in taxes this year and $350,000 a year in future taxes by moving to Ohio.

Booz, Hamilton & Allen Inc. has been awarded a $31.3 million, 11-year contract to design, install and support a new information system for the Marine Corps.

The system will manage real property and family housing at Marine bases and facilities in the United States, Okinawa and Japan.

Booz, Hamilton will be responsible for integrating the system with other Marine Corps information systems, developing software and training users of the system.

The system will be built around International Business Machine Corp.'s 9370 minicomputer and its PS/2 workstations. Besides IBM, other major subcontractors include Oracle Corp., which will supply data-base management products, and Computer Data Systems Inc., which will provide computer programming services.

Vanguard Technologies International Inc. in Fairfax has been awarded a $3.8 million contract by the Department of Defense to provide mainframe computer maintenance services to 13 Defense Logistics Agency computer sites.

Vanguard Technologies provides automatic data processing services, information services and systems integration. The contract has one base year and four option years.

DynCorp, formerly Dynalectron Corp., has received a $33.7 million contract to provide support to U.S. Navy ships and shore activities in the Pacific Fleet Command area.

Under the contract, DynCorp will be responsible for loading and unloading ships' cargo, identifying and auditing inventories, processing financial and inventory records and packing cargo.

DynCorp will employ 300 people to support the Pacific Fleet Supply Operations in San Diego and Oakland, Calif.; Bremerton, Wash.; Pearl Harbor, Hawaii; and Subic Bay, Philippine Islands.

Solarex Corp. in Rockville has won a U.S. Agency for International Development contract worth more than $1 million to provide a solar and diesel-powered ice-making plant in Egypt.

Usually, Solarex's solar modules replace diesel generators but, in this case, the two power sources will combine to make five to six tons of ice a day. The ice will be used to preserve fish for transport to markets in an area where there is little refrigeration.

Solarex will provide the solar and diesel generators, ice-making machines and a computer to regulate flow of energy to the plant.

This project is part of the Renewable Energy Resource Field Testing Project sponsored by government of Egypt and USAID. The installation will be handled by IMF Solar of Cairo, Solarex's commercial representative.

Star Technologies Inc. in Sterling and Digital Equipment Corp., in Maynard, Mass., have teamed up to market Star's 32-bit array processors and Digital's VAX family of 32-bit computers.

Under a cooperative marketing program announced last week, Star and Digital will make joint sales calls, work together on trade shows and seminars, participate in cooperative sales training and demonstrations and share promotional product literature.

Star's processors, with VAX host computers, boosts the speed of computations for scientific computer users.