OTHER NEWS - Nov. 12, 1991
From Times Staff and Wire Reports
Times Attracts 317 to Retirement Program: The Los Angeles Times announced that 317 employees accepted early retirement under a special, companywide voluntary program. The program will result in a one-time pretax charge of about $22 million--11 cents a share after taxes--against fourth-quarter earnings of The Times’ parent company, Times Mirror Co. The charge is expected to be more than offset by lower compensation costs over the next two years. About 40% of the retiring employees will leave The Times by year-end, the rest in the first quarter of 1992.
