Paul Smith’s Cutting Costs

Paul Smith’s College President John Mills announced a series of measures Tuesday to address significant fiscal challenges the institution faces. Those measures include a 12 percent reduction to the college’s 190-person workforce. Twenty-three full- and part-time jobs will be cut, including faculty, staff and administrators. Eleven of the job losses are layoffs, and 12 will be from open positions and people who have left the college voluntarily.

College trustees approved the plan over the weekend. College officials originally said employees who are laid off will receive severance pay, but today they corrected that, saying instead that the college will honor the terms of contracts with employees who leave. Mills, who announced his retirement earlier this year, said this is the first time layoffs have occurred in his 10 years on the job. He would not comment on which positions are included in the cuts. “We’re still trying to make sure everyone understands this situation,” Mills said. “We’ve been growing ever since I’ve been here, but in the last two years we’ve had a serious downturn.”

More from the Source: Adirondack Daily Enterprise

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