Thursday, July 26, 2018

Loyola University lays off staff, curbs retirement contributions to balance budget - JESSICA WILLIAMS, The Advocate

Struggling to plug a longstanding budget deficit, Loyola University has laid off more than two dozen staffers, or about 6 percent of its full-time employees, and will temporarily curb its contributions to employees' retirement plans, school officials said Monday. The moves will give the Uptown institution its first balanced budget in five years. “We are in accordance with what we said we would do, which is manage our budgets well and be fiscally responsible,” said Laura Frerichs, Loyola’s vice president of marketing and communications. https://www.theadvocate.com/new_orleans/news/education/article_fef93e42-894a-11e8-b5af-479d57eb19bb.html