Sentence examples for staff severance from inspiring English sources
That figure excludes exceptional costs like a 39 million euro payment to the Irish government in penalties and back taxes on bogus nonresident accounts, and 68 million euros worth of staff severance packages that were part of a domestic restructuring that will eliminate 60percentt of the branches in Ireland.
Spending spiked on several fronts, including facilities, front-office staff and severance.
See chart "Compensation for Laid Off Staff " for severance pay calculation.
Of that $45 million, Conan will keep $33 million, the rest of which will go to his 200+ person staff as severance.
It was an attempt to purge staff without paying severance, said the presenter.
Local 997 of the United Automobile Workers, representing Maytag's blue-collar staff, negotiated a severance package with Whirlpool last fall that extends each departing worker's health insurance for five or six months and pays at least $850 for each year worked, up to 30 years.
Another spokesman said 29percentt of the staff members receiving the severance offer were African-American.
"In turn, the executive failed to exercise sufficient oversight of the 40 BBC staff involved in authorising severance payments to departing senior managers," the committee added.
Compromise agreements tend to be struck when a staff member accepts a severance payment in return for waiving the right to sue an organisation and they usually include a promise of confidentiality, often known as a "gagging clause".
Senior executives of JP Morgan met Bear Stearns staff last week to outline severance terms while at the same time highlighting generous incentives to employees they want to retain, in a move designed to prevent them being poached by rival banks.
The owner asked the staff to quit without severance, was rebuffed and retracted his suggestion; then he rejected someone's offer to buy the magazine and offered to give the brand, the domain name and even computer equipment to the staff as compensation.
