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Loyola University New Orleans Announces Workforce Reduction

Loyola press release - December 7, 2005

Loyola University New Orleans Announces Workforce Reduction

(New Orleans)—In the light of the changes brought about by Hurricane Katrina, Loyola University New Orleans will lay off 28 staff employees effective December 31, 2005. This represents approximately 5% of its total staff. No tenured faculty positions are affected in this reduction. Affected employees will be paid until the end of year and in addition will receive reduction in force severance pay based on years of service.

In addition to these reductions, 27 staff positions which are currently vacant have been eliminated. Many of these vacancies were created when employees informed Loyola they would not return to New Orleans after the storm. Loyola will also reduce its operating expenses by 20%.

Shortly after the storm, university president Rev. Kevin Wm. Wildes, S.J., Ph.D., committed to paying all full time staff and faculty until the end of year, even though for the first time in Loyola’s history, the university cancelled its fall semester. “As we looked at the financial implications this would have on the university I wanted to have a clear picture on what our enrollment would be for the Spring before we made any decisions regarding our staffing. Although a majority of our students have pre-registered for the Spring semester and we are encouraged by this, this reduction is prudent if we are to maintain financial viability despite losses Loyola experienced this fall as well as decreased revenues expected for some years to come,” says Fr. Wildes.

Of Loyola’s total undergraduate enrollment of 3,312, 80% of our students have been attending over 400 other colleges and universities across the country this fall. As of today, over 75% of Loyola’s undergraduate students and 82% of law students will be returning for the Spring semester. Law school total enrollment is 800.