Xavier Is Using Layoffs And Freezes In Hiring And Pay To Reduce A $5 Million Deficit

Tuesday, December 4, 2012
Facing a $5 million operating deficit, Xavier University is instituting salary and hiring freezes, non-faculty layoffs and a 10 percent cut in the university's contributions to employees' health-insurance premiums. Xavier officials say the moves are a response to a 6.5 percent drop in fall semester enrollment, which is significant since tuition accounts for 70 percent of Xavier's budget. Layoffs and freezes began Nov. 26, said Kenneth St. Charles, Xavier's vice president for institutional advancement, and the cut in Xavier's contribution to employees' premiums is to begin Jan. 1. Xavier has 279 faculty members and 551 other employees. There is no goal for the number of jobs to be cut, St. Charles said, but he did say that no teachers will be affected at this point because they are under contract through the spring semester.

Read more »