Among significant breakthroughs, the government recently agreed with employers and unions to extend working time while cutting severance payments.
While some severance payments were high, he said, the rapid reduction in senior management — as many as one-quarter of positions — initially saved the BBC £35 million, or $55 million, and reduced its future salary and expenses by as much as £19 million a year, or about $30 million.
And while the typical severance for lower-level employees remains at one week for each year of service, the study found that a growing number of companies were being more generous.
D1 OBITUARIES B9 BUSINESS DAY C1-14 TycOfficialal Got Severance While Under Investigation Tyco International agreed to pay a severance package of $44.8 million in cash to Mark H. Swartz, its chief financial officer, in August, when he was already under investigation by a grand jury that later indicted him on fraud charges.
When the city proposed a severance package while threatening to lay off several hundred workers, Ms. Roberts rejected the proposal as too stingy.
George Entwistle asked for "more" money than his controversial £450,000 severance package while negotiating his exit as Director- General, BBC Trust chairman Lord Patten has revealed to MPs.
Nevertheless, Mourinho returned to Chelsea's Cobham training base today to say goodbye to his players, while his lawyers finalised severance terms with the club.
In early 2002, thousands of oil workers in Daqing gathered in Iron Man Square to protest against unfair severance packages, while large protests broke out at about the same time in Liaoyang, south of Shenyang.
But Mr. Brown said Thursday that top executives at the bank had left without severance pay, while no bonuses were being paid to board members and no dividends to shareholders.
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.
