IRS News Release  
December 20, 1996

IRS Announces Approval of Buyouts
Offered to Employees Affected
by Reorganization Plan

WASHINGTON - The Internal Revenue Service today announced that its plan to offer buyouts to employees affected by a reorganization the agency began 3 years ago has received final approval.

"The reorganization permits the IRS to provide better service to its customers. We are pleased with this approval because it will let us help many of the employees whose jobs are affected by the reorganization," said IRS Commissioner Margaret Milner Richardson.

The buyout will be offered first to employees whose jobs are being eliminated, then to employees who could create vacancies for those employees whose jobs are being eliminated.

The IRS expects to make offers to eligible employees by mid-January.

In addition to the buyout plan, the IRS worked with NTEU to assist employees potentially affected by downsizing by providing outplacement services and early retirements.

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