University of California President Janet Napolitano and 10 campus chancellors will take a 10% pay cut amid a budget crisis triggered by the coronavirus crisis. The UC chief also announced a systemwide salary freeze for nonunionized employees.
, compared with about $670,000 for public college peers in the Assn. of American Universities.
UC will continue to work with state and federal authorities to secure more funding, she wrote, but much of that assistance is designated for student financial aid. Napolitano also said UC officials would begin discussions with employee unions “to be sure they understand the current reality of our financial circumstances.” Several UC employee unions, however, are scheduled to present research findings Tuesday that they say show the university is “remarkably well-positioned” to withstand a pandemic-caused fiscal disruption without layoffs, tuition hikes or other severe austerity measures, according to a statement by AFSCME Local 3299.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Women Have Been Hit Hardest by Coronavirus-Related UnemploymentIn April, it was believed that women were going to be hit hardest by the layoffs resulting from circumstances related to covid-19, the disease caused by the novel coronavirus. At the time, the hospitality industry, restaurants, and retail stores were being most heavily impacted by coronavirus related closures, a reality that has only continued to proliferate since. Consequently, those industries, in addition to other service-related fields, and education, have been those most plagued by layoffs, the majority of which have impacted women, confirming the predictions from April.\n
Read more »
These 7 companies are rallying for health workers on COVID-19’s front lineThese 7 companies are working to fight the spread of COVID-19 — and find a cure. Story from NYSE
Read more »
Home-builder confidence rebounds in May from historic decline as industry grows optimistic about post-pandemic home salesConstruction firms are upbeat on the housing industry’s prospects thanks to low interest rates, even though coronavirus-related challenges remain.
Read more »
'Spread love not fear': Art movement uplifts as DC businesses struggle amid coronavirus shutdownA DC business owner turned a 'negative' incident to a 'positive' movement.
Read more »
Coronavirus vaccine czar to divest some holdings amid conflict concernsPresident Trump's newly appointed vaccine czar, Moncef Slaoui, plans to divest his equity holdings in a company leading the coronavirus vaccine development effort, the Department of Health and Human Services told ABC News.
Read more »