abpnews.com: BTSR budget shortfall leads to faculty lay-offs
RICHMOND, Va. (ABP) � Faced with �worrisome� financial challenges, Baptist Theological Seminary at Richmond will downsize its faculty and staff, the school�s president announced April 8.
Four full-time professors and at least three administrative staff members will be let go in an effort to reduce costs, according to BTSR President Ron Crawford, who was elected to his position about a year ago. Though he did not release the names of the professors to be dismissed, Crawford said he has communicated with each one and that the school is offering severance packages that exceed a full year�s salary and full personnel benefits.