Share this article

print logo

N.Y. EXTENDS EARLY RETIREMENT DEADLINE

City workers will have a few extra days to decide whether to give up their jobs in exchange for severance pay.

Mayor Rudolph Giuliani said Friday he was so close to his goal of convincing 7,600 workers to opt for severance that he was extending the deadline.

Giuliani said 7,000 city employees had joined the program as of Thursday. The city will accept applications until the middle of this week.

He is seeking to cut 7,600 city jobs by June 30 and another 7,400 in 1995 to help close a $2.4 billion budget gap.

Giuliani indicated that if he didn't reach the June goal, he might have to resort to layoffs. Severance pay ranges from $3,000 to $25,000, depending on longevity, plus medical benefits.

There are no comments - be the first to comment