Quincy University cuts 14 jobs as it faces $5M budget hole

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QUINCY, Ill. (AP) – Quincy University in western Illinois has cut 14 non-faculty positions in an effort to fix a $5 million budget shortfall.

The cuts are the first part of a three-phase, five-year recovery plan. The schools’s financial consultant, Tom Ponto, says the goal is to return the private Catholic liberal arts university to “financial equilibrium.” Ponto says “more positions will be impacted.” He says all areas of the university will be impacted including sports, academics and administration. Ponto is a consultant. The school hired him Oct. 1.

The Quincy Herald-Whig reports (http://bit.ly/2gMLSaA ) staffers whose jobs were cut were told Friday morning. The job cuts are expected to save the school about $500,000.

The changes come after an Oct. 7 faculty no-confidence vote involving Quincy University President Robert Gervasi.

Information from: The Quincy Herald-Whig, http://www.whig.com

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Quincy University cuts 14 jobs as it faces $5M budget hole

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