Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Memphis Mayor Wharton will urge 150-200 city worker layoffs

Posted: April 8th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

The Wharton administration will propose layoffs as one measure to balance the city of Memphis budget for the next fiscal year.

“It’s going to be in the range of 150 to 200 people,” said finance director Roland McElrath on the potential number of jobs that would be affected. “It could impact all city employees from management on down.”

The layoffs would save the city $7.5 million to $12 million, according to a budget preview presented to the City Council on Tuesday.

From: Commercial Appeal

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