Saturday, April 25, 2015

Catholic University turns to buyouts and layoffs to cut spending - Nick Anderson, Washington Post

Catholic University, a school with direct ties to the Vatican, is trimming staff through layoffs and buyouts because of financial pressures. It is the third private university in the nation’s capital to disclose layoffs in recent weeks. Thirty-seven positions were cut from a full-time staff of about 1,300, a Catholic spokesman confirmed Thursday. About two-thirds of those affected took voluntary buyouts, and the rest were laid off. Spokesman Victor Nakas said the cuts are part of an effort to reduce annual academic program costs $10 million by 2018. This month, Howard University disclosed a cut of 84 staff positions — an action that produced layoffs — and George Washington University revealed a layoff of 46 employees. http://www.washingtonpost.com/news/grade-point/wp/2015/04/16/catholic-u-turns-to-buyouts-and-layoffs-to-cut-spending/

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