Last year, about 200 employees took advantage of buyout offers, he said.
For him, the buyout offer is not much higher than severance would be.
In 2005 the company turned down a buyout offer from Microsoft.
The third buyout offer from a major defense contractor was too good to pass up.
In the last six months, the buyout offers have dried up.
There are now just over 1,000 news employees and the paper expects about 30 to take the new buyout offer.
In June the company accepted a $3.65 billion buyout offer and the deal was completed this month.
What if a company made a buyout offer to its employees and everybody took it?
There was a buyout offer from a major defense firm I couldn't resist.
An independent committee of the board will review the buyout offer.