All the laid-off employees will receive severance benefits and outplacement services, the company said.

In both cases, the Britos claimed that their longevity and severance benefits were not paid.

"That kind of severance benefit is unparalleled in sports today."

The Sidney plant's 100 employees will receive severance benefits.

It added that it would offer severance benefits to employees of The Light.

Known as a "tin parachute," the severance benefits would cover all employees.

The company also paid out more than $75 million in severance benefits to 6,500 workers and is attempting to recover that money from the Government.

The Press said it had already offered the teamsters a package of severance benefits worth $18 million.

With unemployment insurance and other severance benefits, it costs $7,000 to lay off a teacher.

That means they will be denied severance benefits.