Lincoln University Announces Position Cuts
Lincoln University is announcing they will cut 41 positions and employee pay will be reduced 2.5 percent in the coming fiscal year to make up for COVID-19 related losses.
The University’s Board of Curators approved the budget for fiscal year 2021 this week.
The position cuts include 17 jobs that are currently filled and another 24 that are vacant.
Lincoln is estimating about 3 million dollars in savings in wages and another 1 million dollars in benefits with the cuts compared to the fiscal 2020 budget.
The pay cut will begin July 1 with the university’s fiscal year.