University of Michigan officials are predicting the school could lose up to 1 billion dollars this year due to COVID-19.
The university announced today it is placing a freeze on all new hiring and salary increases through the end of the 2020-21 budget year as part of a larger effort to shore up its finances.
Several top U of M officials, including President Mark Schlissel, will also be reducing their salaries by 10 percent through the end of the year. The school’s athletic director and other executives will reduce theirs by 5 percent.
The university is also implementing two voluntary programs to furlough or otherwise temporarily reduce some workers' hours during the ongoing pandemic.
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— Taylor Pinson is a writer/reporter for 89.1 WEMU News. Contact him at 734.487.3363 or email him studio@wemu.org
