10:15 Kehilos Yisroel (901 Monmouth Ave)
10:15 BM Yeshuos Pinchos (23 Cabinfield Cir)
10:15 Bais Mordechai (1455 Heathwood Ave)
10:15 Bais Shalom (Downstairs) (9th bet Madison and Clifton)
10:15 Bais Yitzchok (124 11th Street)
10:15 BM Yeshuos Pinchos (23 Cabinfield Cir)
10:15 Bais Mordechai (1455 Heathwood Ave)
10:15 Bais Shalom (Downstairs) (9th bet Madison and Clifton)
10:15 Bais Yitzchok (124 11th Street)
NJ Transit announces spending freeze, layoffs
Posted by
lakewood246 in
Local News on
Mar 2nd, 2010 |
no responses
NEWARK — NJ Transit says it will freeze spending and lay off more than 200 workers to help plug a major budget gap.
Agency officials said Tuesday that NJT will reduce its workforce by about 2 percent, trim executive salaries by 5 percent and reduce corporate contributions to employees’ 401K plans by one-third.
Officials say the cuts represent the deepest one-year staff reduction in the agency’s 30-year history.
They will account for about $30 million in reductions toward a combined $300 million budget gap projected through 2011.
NJ Transit says it plans to announce proposed fare hikes and service cutbacks next week.
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