WGBH to cut costs as budget gap hits $3m

From the Boston Globe

In an effort to close a $3 million budget gap caused by a decline in support from donors, WGBH radio, television, and multimedia employees are being asked to accept pay cuts, furloughs, and other cost-saving measures.

Jon Abbott, chief executive of the public broadcasting organization, sent a memo to staff this week detailing the cutbacks, which are expected to start in May and stretch through August.

They include a 5 percent pay cut for vice presidents and top management, and a temporary suspension of the match on retirement plan contributions for some employees that by itself is expected to save about $1 million.

In addition, a one-week furlough for nonunion staff is expected to save about $500,000.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.