Western News: Employee groups seek layoff alternatives
Two of the larger employee groups on campus are urging university administrators to re-consider their approach to trimming budgets in order to avoid layoffs of staff and faculty.
A sharp drop in stock markets has cut or eliminated expected income from investments, forcing all universities to review their budgets for new areas to cut spending. In a budget update released last week Western projected a possible loss of investment income from non-endowed funds at $46.25 million this year and the following two years.
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