Roanoke College plans layoffs, spending cuts due to virus
ROANOKE, Va. (AP) — Roanoke College plans to lay off 14 workers and make other cuts to reduce spending by $6 million in response to financial losses due to the COVID-19 pandemic, the school announced Tuesday.
A news release from the school said the budget cuts, which begin July 1, also will include leaving open positions unfilled, suspending contributions to employee retirement plans and reducing salaries and operating expenses, The Roanoke Times reported.
The 14 staff positions are from several departments around campus, spokesperson Teresa Gereaux said. Likewise, operation budgets will be reduced across campus, not targeting a single area.
Both faculty and staff will be affected by the salary reductions, which will vary in percentage and are planned to last one fiscal year, Gereaux said.
“The current devastating health and economic crisis require us to take these actions,” Roanoke College president Michael Maxey said in a statement. “We are making the sacrifices necessary now to ensure our long-term viability and ability to provide a high quality experience to every one of our students. These are difficult decisions to make.”
Roanoke College is a private, liberal arts school that is the second-oldest Lutheran-related college in the U.S.