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The Charles Schwab Corporation tried hard to avoid layoffs, but once that effort proved fruitless, it offered a generous severance package to cushion ex-employees' fall. Schwab's "transition package" includes innovative features such as a $10 million education fund for laid-off workers who want to return to school and a $7,500 bonus for any ex-employee rehired by Schwab within 18 months of being terminated.
November 16, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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