'There will be a cost saving,' Dennis O'Keefe says of early retirement offerings

The City of St. John's will be offering early retirement packages to some city managers as part of thebudget process.

Mayor Dennis O'Keefe says he's not sure exactly how many employees will be affected.

• City of St. John's offering early retirement to management-level staff
• Paul Mackey 1 of 5 senior staff retiring early from St. John's city hall

"We would be talking about four or five people on the executive level, but there will be more movement on other levels also, in particularsenior management," said O'Keefe.

In many cases there are people who would be retiring in the next year or so anyhow.- Dennis O'Keefe

"It will depend on how the restructuring process works its way down through the system in the next two weeks."

O'Keefe said it's not certain how much money will be saved, but that there would be a "cost saving" assome positions will be permanently cut.

"In many cases there are people who would be retiring in the next year or so anyhow."

O'Keefe said a memo will be issued to city staff onTuesday with more details on how many jobs will be affected.