
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, November 15, 1995                   TAG: 9511150050
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

NS TAKES CHARGE OF $20 MILLION FOR JOB BUYOUTS

Norfolk Southern Corp. said Tuesday it will take a $20 million charge against its fourth-quarter earnings to pay for an employee job buyout. The voluntary retirement program for salaried employees will result in an after-tax charge equal to 16 cents per share of its common stock, the Norfolk-based transportation company said.

NS previously said 272 employees, including 58 in Roanoke, had accepted the package. They represent 57 percent of the 475 employees, 55 and older, who were eligible. The percentage of retirees in Roanoke, where 57 percent of 102 eligible employees accepted the offer, mirrored that of the company as a whole.

- Staff report

by CNB