NEW ORLEANS (AP) — In addition to layoffs and an early retirement offer, Loyola University also has cut the pay of some of its staff in an effort to balance its budget in the face of low enrollment by first-year students.
The cuts mean less take-home pay for 14 employees at the university, spokeswoman Meredith Hartley told The New Orleans Advocate (http://bit.ly/1hioEat ) in an email Thursday.
Harley says those staff members were either reduced from full-time work of 37 hours a week to 30 hours a week or reduced from year-round employees to being employed for only 10 months of the year.
Hartley says the cuts trimmed the university's budget by $126,000 as part of a larger effort to close a gap caused by shrinking first-year enrollment at the university.
Information from: The Advocate, http://theadvocate.com