Sentence examples for cover the severance from inspiring English sources
Wachovia, which has 21,300 employees, will take a pretax charge of $85 to $100 million, primarily to cover the severance costs.
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.
Struggling to get back on track, Lucent recently announced plans to cut 10,000 employees and take a charge of $1.2 billion this year to cover the cost of severance and a reorganization.
Capello quit in February last year after John Terry was stripped of the England captaincy, and agreed a severance package to cover the months before his contract - believed to be for £6million a year - was due to expire in July 2012.
The company will take a charge of $17 million, or four cents a diluted share, in the second quarter, to cover the cost of Mr. Whiston's severance.
The charge, which totals 84 cents a share, will mainly cover the cost of worker buyouts, early retirements, severance and other payments.
To cover the rest of the family's expenses, including college tuition for his son, Mr. Sklar has been using his severance pay and savings, he said.
Citigroup said a $177 million charge taken in the second quarter would cover severance payments for the workers laid off.
Sovereign also will take about $15 million in charges against earnings, mostly in the fourth quarter, to cover severance costs, Jay Sidhu, the president and chief executive, said today.
