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BUSINESS
January 5, 1994 | From Times Staff and Wire Reports
Chevron Workers to Get Bonuses: The San Francisco-based company said it will pay a total of $115 million in cash to almost all of its employees worldwide. The payments, which will equal 5% employee base pay for 42,500 workers, amount to $70 million after taxes and will be taken as a fourth-quarter charge. The company said the payments are being made in recognition of achieving what Chevron said is the highest shareholder return on investment from 1989 to 1993.
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BUSINESS
December 13, 1990 | PATRICK LEE, TIMES STAFF WRITER
About 19,000 Atlantic Richfield Co. employees will have an especially merry Christmas this year, in the form of a 5% bonus announced Wednesday by Chairman Lodwrick M. Cook. In "special recognition" of the employees' contributions during the last five years of restructuring, Cook told employees to expect an extra check in their Christmas stockings, effective Monday.
BUSINESS
December 13, 1990 | PATRICK LEE, TIMES STAFF WRITER
About 19,000 Atlantic Richfield Co. employees will have an especially merry Christmas this year, in the form of a 5% bonus announced Wednesday by Chairman Lodwrick M. Cook. In "special recognition" of the employees' contributions during the last five years of restructuring, Cook told employees to expect an extra check in their Christmas stockings, effective Monday.
BUSINESS
January 5, 1994 | From Times Staff and Wire Reports
Chevron Workers to Get Bonuses: The San Francisco-based company said it will pay a total of $115 million in cash to almost all of its employees worldwide. The payments, which will equal 5% employee base pay for 42,500 workers, amount to $70 million after taxes and will be taken as a fourth-quarter charge. The company said the payments are being made in recognition of achieving what Chevron said is the highest shareholder return on investment from 1989 to 1993.
BUSINESS
February 2, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Union negotiators for oil industry workers reached a tentative agreement late Thursday with Amoco Corp. on labor contracts that would boost wages by an average of 15.5%, or $2.36 an hour, over three years. The deal came on the same day that 300 contracts expired covering roughly 40,000 members of the Oil, Chemical & Atomic Workers International Union. Although the tentative pact directly applies only to a small number of those workers, it could set the pattern for the entire industry.
BUSINESS
February 2, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Union negotiators for oil industry workers reached a tentative agreement late Thursday with Amoco Corp. on labor contracts that would boost wages by an average of 15.5%, or $2.36 an hour, over three years. The deal came on the same day that 300 contracts expired covering roughly 40,000 members of the Oil, Chemical & Atomic Workers International Union. Although the tentative pact directly applies only to a small number of those workers, it could set the pattern for the entire industry.
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