Saturday, July 11, 2015

LSSU's Voluntary Buyout Program gets results - Phil Wenzel, Soo Evening News

Lake Superior State University administrators say their offer of buyouts to longer-tenured employees has generated the results they were looking for. However, they are still working to resolve a budget deficit which was announced during May’s Board of Trustees meeting. “We have been reviewing expenses throughout campus and we are confident that we will be presenting a balanced budget to the LSSU Board of Trustees at its meeting on July 24,” Pink said. Vice-President of Human Resources Philip Espinosa has told the Evening News that over 50 percent of the university’s expenses are employee-related. “This is a long-term strategy to help right-size our employee expenses to better serve our students and our community,” he said earlier this month.

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