Saturday, December 24, 2016

Antioch College enacts budget measures - Audrey Hackett, YS News

At a series of meetings with staff, faculty and students on Friday, Antioch College President Tom Manley announced several cost-cutting measures aimed at reducing the college’s overall budget and bringing expenses in line with revenues. Specifically, the college is cutting pay for executive and senior staff, and reducing its total workforce, largely through attrition and reorganization. According to a college press release issued Saturday, salary cuts for executive and senior leadership include a 20 percent reduction for the college’s executive team, effective immediately, and a 5 percent cut for employees earning between $70,000 and $120,000, effective January, 2017.

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