Officials at NJ Transit yesterday announced that they will lay off more than 200 workers and cut executive salaries by 5%. The executive salary of Director James Weinstein is included in the salary cuts; his salary will be reduced to $248,257.80 from $261,324. Layoffs will reduce the overall workforce at the agency by 2%. The [...]
Continue reading...Wednesday, March 3, 2010
Over 15,000 city employees in San Francisco will be laid off on Friday. Mayor Gavin Newsom says that most of them will be rehired if they agree to a shorter work week. Newsom’s plan is a response to the $522 million budget deficit the city is facing in the 2010-2011 fiscal year. The majority of [...]
Continue reading...Monday, December 7, 2009
President Obama is giving a speech tomorrow in the wake of his job summit in which he is expected to float the idea of using as much as $200 billion in unspent TARP money for job creation. If approved, it will be up to Congress to iron out the details, but Democrat leaders in [...]
Continue reading...Monday, November 2, 2009
Delaware currently has just over 800 jobs and the state is planning to cut 525 of them permanently as part of an ongoing process to trim the budget deficit. Eliminating the jobs will save the state $13.75 million per year. This year’s saving has already been realized, but the jobs will not be coming back. [...]
Continue reading...Tuesday, October 13, 2009
Governor John Lynch has announced that 250 New Hampshire state employees will be laid off in order to save the state $25 million. State workers were offered an option between 19 furlough days (which would amount to a 3.5% pay cut) or to tough their way through mass layoffs. With a 59% margin, the workers [...]
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Wednesday, March 3, 2010
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