Sentence examples for because of severance from inspiring English sources

Agilent Technologies Inc., a maker of testing and measurement equipment, had a fourth-quarter loss partly because of severance costs.

To be sure, some departing presidents make the top 10 list because of severance or retirement packages – but that doesn't change the overall trend.

The company said it would take a $1.2 million pretax charge in the first quarter of 1999, primarily because of severance costs.

But the company, which also owns HBO and the Warner Brothers movie studios, lowered its full-year operating profit outlook because of severance charges at its Time Inc. publishing unit and reorganization charges at New Line Cinema.

Imagistics International, a distributor of fax and copy machines, eliminated 119 jobs to cope with slowing sales and cut its 2005 earnings estimate 13percentt because of severance costs and options expenses.

The Bank of America Corporation said yesterday that third-quarter profits fell 15percentt because of severance costs and a drop in value of auto leases, while the Bank of New York Company, a commercial bank active in the securities servicing business, posted higher profits, helped by transaction processing and foreign exchange revenues.

Firing is expensive, because of compulsory severance payments.

Even a layoff occurring in December of the previous year might generate wage and salary income in the current year because of a severance payment or accumulated sick and vacation pay.

Operating costs decreased to $373 million, nearly $6 million less than in the second quarter of 2017, mostly because of lower severance costs, which were partially offset by higher marketing costs and growth in commercial printing.

Geoffrey A. Mills, the former general manager, said he and his executive team were offered jobs but turned them down because of diminished severance guarantees and the elimination of an income-enhancing incentive plan.

Olivier Metzner, a lawyer for Mr. Messier, said his client had been placed under investigation because of his severance contract, which he subsequently renounced, and "not for matters of personal gain," according to Agence France-Presse.