Sentence examples for cover severance from inspiring English sources

The bank said it expected to take a charge to cover severance costs in 2004.

Atlas plans to take a second-quarter charge of as much as $50 million to cover severance and other items.

Citigroup said a $177 million charge taken in the second quarter would cover severance payments for the workers laid off.

The bank will also take a $400 million charge in the current quarter to cover severance and other costs related to the downsizing.

To cover severance and related expenses, the company plans to take a pretax charge of $240 million to $280 million in the fourth quarter.

Sony's electronics division was also hurt by a restructuring charge of 143 billion yen, primarily to cover severance packages for workers who were laid off.

Mexico's score is a business-killing 72 versus Argentina's 51, Chile's 19 and the U.S.' 3. The cost of letting a worker go in Mexico is equivalent to 83 weeks of the worker's wages; this covers severance pay, fines or penalties to the government and the costs involved in meeting advance-notice requirements.

Wachovia, which has 21,300 employees, will take a pretax charge of $85 to $100 million, primarily to cover the severance costs.

In some instances, the corporate tax savings were more than enough to cover the severance costs and other expenses of the layoffs.

Citi will also take a $400 million charge in the fourth quarter to cover the severance and other costs related to the downsizing effort, which will reduce the bank's work force by about 2 percent, to 262,500 employees.

For the quarter, Compaq said it would take a restructuring charge of $490 million to cover the severance packages and to close plants that make the Alpha line of semiconductors for top-of-the-line server systems.