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From Times Staff and Wire Reports
Chevron Workers to Get Bonuses: The San Francisco-based company said it will pay a total of $115 million in cash to almost all of its employees worldwide. The payments, which will equal 5% employee base pay for 42,500 workers, amount to $70 million after taxes and will be taken as a fourth-quarter charge. The company said the payments are being made in recognition of achieving what Chevron said is the highest shareholder return on investment from 1989 to 1993.
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