BU to lay off or furlough 250 employees due to virus shortfalls

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Boston University should furlough or lay off about 250 staff to assist cowl a $96 million estimated funds hole within the upcoming tutorial 12 months as a result of coronavirus pandemic.

In a message to faculty and staff, BU President Robert Brown mentioned the college expects a complete income shortfall of $264 million within the fiscal 12 months beginning July 1 and has tapped into a few of its reserves, decreased salaries and frozen retirement contributions to save lots of about $168 million. But that also leaves about $96 million to make up, Brown mentioned.

“Regrettably, layoffs and furloughs (unpaid leaves of absence with benefits continuation) will be necessary in some units of the University as a consequence of the shortfalls we are predicting,” Brown mentioned.

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