GREENSBORO — Greensboro College will cut staff and salaries to curtail expenses.
The college's president, Craven Williams, announced today that faculty and staff salaries will be reduced by 20 percent. The college also will eliminate some full- and part-time faculty and staff members, but did not say how many positions will be cut.
The private liberal arts college also is suspending sabbaticals, eliminating temporary labor, reducing administrative stipends and eliminating retirement matching funds and dental insurance.
In remarks before students, staff, and faculty, Williams called the cost-control measures a “conservative plan of action” that are the “best means of dealing with the financial future.”
Williams said the college will adjust and ultimately eliminate the cost-control measures as the college's finances improve.
Founded in 1838 and affiliated with the Methodist Church, Greensboro College has about 1,300 students and 75 full-time faculty.
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