The financially troubled Vermont State University announced on Friday it will eliminate 33 faculty, administrative and staff positions and reduce benefits for the remaining workers for an annual savings of $12 million. Workers received layoff notices on Thursday, and VTSU’s outgoing interim president, Mike Smith, made the details public on Friday in a report that outlines cuts to the schools’ health insurance and retirement plans. The move comes two years after the administration agreed with state lawmakers to cut $25 million from the budget within five years.
