Advertisement
Jun 11, 2009
Forty-five positions gone as PBS works to balance budget
PBS today announced job cuts and other cost reductions during a staff meeting at headquarters in Arlington, Va. It faces a $3.4 million deficit in next fiscal year’s budget, spokesperson Jan McNamara told Current. A total of 45 positions, or about 10 percent of the staff, are affected, including elimination of vacancies. A six-month salary reduction of 3.85 percent for all nonunion employees starts July 1. On Jan. 1, 2010, company retirement contributions will fall from 8 percent to 6 percent; those will resume by July 2010, McNamara said. A hiring freeze currently in place will continue, and other cuts including travel will be made. No merit raises will be given. McNamara said the moves will eliminate about half the deficit. The PBS Board of Directors votes on the budget at its upcoming meeting, June 15 and 16.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment