Massive Layoffs Likely in Newark
Post Views 0In the face of a massive $180 million budget deficit for 2010, Newark Mayor Cory Booker has proposed equally massive municipal layoffs. Up to 2,000 city workers may be out of a job by September in what Booker called a “massive change in the way we do government.”
“What we have to do right now,” Booker continued, “is achieve approximately $200 million in personnel savings — period.”
Shrinking revenues and ballooning costs in health benefits and pensions have already forced Booker to cut the number of city workers by 17 percent since 2006.
Massive Layoffs Likely in Newark by Harrison Barnes