Friday, August 08, 2014

Happy Friday Afternoon news dump, Loyola employees!

The university rolls out a round of buyouts for long term employees and is cutting its retirement contributions in half. It's not the first cost cutting measure they've taken in recent months.
In a letter to employees Friday, university President Kevin Wildes said the steps are being taken to "keep the university fiscally whole as we rebuild our enrollment programs."

The university earlier this year laid off 18 employees in the face of a $5.1 million budget deficit. Freshmen enrollment in the fall suddenly dropped by 30 percent.

The university also previously offered a voluntary severance for the 2013-14 fiscal year for the same category of employees, but that program had a financial cap.
Kevin Wildes is also heading up efforts to "reform" the city's Civil Service system.  So expect this vision to spread further.

And then later, maybe some robots will be hired

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