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BUSINESS
March 25, 1996 | Times Staff and Wire Reports
Edison to Take Charge to Cut Its Staff: The Rosemead, Calif.-based utility, parent of Southern California Edison, said it will take the $65-million charge against second-quarter earnings to reduce its nonunion work force through early retirements. Edison International said it does not yet know how many workers will be eligible for the program or, therefore, how many are likely to take the offer. About 55% of Edison's 16,000 employees are nonunion administrative or management employees.
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BUSINESS
March 25, 1996 | Times Staff and Wire Reports
Edison to Take Charge to Cut Its Staff: The Rosemead, Calif.-based utility, parent of Southern California Edison, said it will take the $65-million charge against second-quarter earnings to reduce its nonunion work force through early retirements. Edison International said it does not yet know how many workers will be eligible for the program or, therefore, how many are likely to take the offer. About 55% of Edison's 16,000 employees are nonunion administrative or management employees.
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BUSINESS
July 3, 1993 | From Times Staff and Wire Reports
IBM Losing More Workers: The company said it may lose 50,000 or more employees this year, twice as many as planned, because thousands more people than expected are taking advantage of incentives to leave the struggling computer maker. International Business Machines Corp. for several months has said it would shed more than 25,000 jobs this year.
BUSINESS
July 3, 1993 | From Times Staff and Wire Reports
IBM Losing More Workers: The company said it may lose 50,000 or more employees this year, twice as many as planned, because thousands more people than expected are taking advantage of incentives to leave the struggling computer maker. International Business Machines Corp. for several months has said it would shed more than 25,000 jobs this year.
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