(Bloomberg) -- Fidelity Investments is offering buyouts to 3,000 veteran employees to reduce costs and open opportunities for newer staff, according to a person with knowledge of the matter.
Employees who are 55-years old by June 30 and have worked 10 years at Fidelity will be eligible for the offer, said the person, who asked not to be named because the information is private.
The packages will include extended health-care coverage and at least six months of salary. The proposal covers about 6.7 percent of the firm’s 45,000 employees.
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