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AKRON– The University of Akron announced on Friday that they will soon begin a three-year plan to address financial issues at the school.

After a 9-month review, it was determined that changes would have to be made.

The $40 million of expense reductions include the following:

  • Eliminating 215 positions via a planned reduction in workforce.  No faculty layoffs are occurring
  • Eliminating baseball
  • Eliminating non-academic programming in EJ Thomas Hall, except for rentals
  • Outsourcing dining services
  • Renegotiating healthcare plans
  • Increasing the cost share of retiree dependent coverage
  • Changing the University’s retire/rehire policy
  • Centralizing course scheduling
  • Reducing central costs, such as legal fees and University memberships

 

READ MORE: Fox8.com

Article Courtesy of WJW Fox 8 News Cleveland

Picture Courtesy of the University of Akron and WJW Fox 8 News Cleveland

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