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Rail News: Passenger Rail
10/11/2011
Rail News: Passenger Rail
CTA cuts more than 200 jobs in wake of FY2012 budget's release
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Yesterday, Chicago Transit Authority (CTA) officials announced the elimination of more than 200 positions and revamped sick and vacation leave policies as they prepare to release the fiscal-year 2012 budget.
CTA is facing a $277 million deficit. The job cuts will save the agency $22 million annually while the new sick/vacation leave policies will save $15 million over the next six years, agency officials said in a prepared statement.
“We have continued to make the CTA more efficient by eliminating unnecessary and duplicative positions, while creating sound and reasonable sick and vacation leave policies,” said CTA President Forrest Claypool. “As the CTA prepares to close one of its worst budget deficits in recent memory, it is incumbent upon us to find ways to do more with less.”
The 200 positions will include jobs that were cut in July, as well as a mix of layoffs and vacancy eliminations, CTA officials said. About two-thirds of the latest job cuts will come from filled positions, including senior-level posts.
CTA is facing a $277 million deficit. The job cuts will save the agency $22 million annually while the new sick/vacation leave policies will save $15 million over the next six years, agency officials said in a prepared statement.
“We have continued to make the CTA more efficient by eliminating unnecessary and duplicative positions, while creating sound and reasonable sick and vacation leave policies,” said CTA President Forrest Claypool. “As the CTA prepares to close one of its worst budget deficits in recent memory, it is incumbent upon us to find ways to do more with less.”
The 200 positions will include jobs that were cut in July, as well as a mix of layoffs and vacancy eliminations, CTA officials said. About two-thirds of the latest job cuts will come from filled positions, including senior-level posts.
