Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Multichannel News
Email
Print
Reprints/License
RSS

PBS Makes More Cuts To Try To Make Budget

More Pink Slips, Reductions In Salaries, Benefits Aimed At Making Up $3.4 Milllion Deficit

John Eggerton -- Multichannel News, 6/11/2009 4:57:57 PM EDT

The Public Broadcasting Service Thursday instituted new staff cutbacks, as well as temporary reductions in salaries and benefits.

The moves were aimed at closing a $3.4 million budget deficit in 2010, according to a PBS source, who said the cutbacks were announced at a staff meeting. PBS stations have been hit hard by the financial crisis.

PBS has cut about 10% of its workforce in the past six months via layoffs and unfilled positions, but more staffers got the news Wednesday, though it was not clear how many. PBS now has 453 positions, which means about 45 jobs have been cut in that six-month period.

Starting July 1, which is the beginning of PBS's fiscal 2010, salaries of all non-union workers--essentially all but technicians, said the source--will see a 3.85% reduction in pay for six months. In addition, pay raises have been cancelled.

The cancellations, cuts and temporary cuts apply to all top managers, including president and CEO Paula Kerge and COO Michael Jones.

Starting Jan. 1, PBS will also cut its contribution to retirement benefits from 8% to 6% of salary for a six-month period.

The cuts will get PBS about halfway to that $3.4 million total, according to the source.

The "plan going forward" was for the benefits and salaries to return to current levels after six months, but the employees were also told that PBS would need to manage the financial situation "dynamically."

Email
Print
Reprints/License
RSS
Talkback
Related Content
Reed Business Information Resource Center

Featured Company


Related Resources

Advertisement

Related Microsite Content

Related Links

free marketing module graphic
Advertisement
Multichannel Subscription
NEWSLETTERS
Multichannel Newswire
HD Update
Cable Technology
VOD Newsletter
Hispanic TV Update
HD Programming
Multicultural Newsletter
B&C NewsCentral
Television Careers



Please read our Privacy Policy

About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites