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Voluntary Severance Programs

CALIFORNIA | LOCAL
March 26, 1998 | JEFFREY L. RABIN, TIMES STAFF WRITER
Meeting behind closed doors Wednesday, the Los Angeles City Council gave final approval to the last element of a $360-million buyout and severance package designed to avert sweeping layoffs at the Department of Water and Power. The council's 12-2 decision came despite concerns that the cost of the package of cash severance payments and enhanced retirement benefits had increased by $14 million since its last public airing.
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CALIFORNIA | LOCAL
July 18, 1995
Los Angeles City Councilman Joel Wachs on Monday criticized a plan that has provided cash incentives to 1,500 Department of Water and Power employees to take early retirement or resign, calling it an overly generous abuse of the system and vowing to limit similar buyout plans in the future.
BUSINESS
July 22, 1995 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Citing the California economic downturn that has steadily eroded advertising revenue, the Los Angeles Times on Friday announced the closing of eight specialized editorial sections, including the weekly World Report and Spanish-language Nuestro Tiempo sections, and the elimination of 150 editorial positions. The cuts are part of a broad restructuring that Mark H. Willes, the new president and chief executive of The Times' corporate parent, Times Mirror Co.
CALIFORNIA | LOCAL
October 18, 1994 | JOHN CHANDLER
The Los Angeles Community College District is nearing agreement with union officials on an early retirement package that could spur the departure of up to 20% of its full-time faculty, according to Chancellor Neil Yoneji. If enough older full-time teachers opt for the incentive, officials said, the result would be an opportunity to reinvigorate the district's academic programs and diversify its faculty through the mass replacement hiring that would occur.
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