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Budget Cuts

Business
Bed Bath & Beyond Accused Of Scaling Back AC In Stores Amid Drop In Sales Bed Bath & Beyond Accused Of Scaling Back AC In Stores Amid Drop In Sales
Bed Bath & Beyond Accused Of Scaling Back AC In Stores Amid Drop In Sales Bed Bath & Beyond is being accused of cutting air conditioning in its stores in an attempt to lower company expenses, according to a new report from CNN. The news outlet said in a report on Tuesday, June 28, that Bank of America conducted store visits and found that the stores are cutting the AC to try to recover for lower sales. Representatives for Bed Bath & Beyond told CNN that "... no Bed Bath & Beyond stores were directed to adjust their air conditioning and there have been no corporate policy changes in regard to utilities usage." CNN reported that the analysts from Bank …

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by Nicole Valinote
News
UMass Amherst, Unions Square Off On Cost-Saving Measures During COVID-19 UMass Amherst, Unions Square Off On Cost-Saving Measures During COVID-19
UMass Amherst, Unions Square Off On Cost-Saving Measures During Covid-19 Two labor unions allege that the University of Massachusetts Amherst is pushing for hundreds of layoffs if employees don’t agree to certain concessions. UMass Amherst officials say the cuts are necessary to make ends meet during the COVID-19 crisis. The Professional Staff Union and the University Staff Association say that they have filed complaints with the state against UMass. Administrators, the unions said, have asked employees to make up $5.2 million in voluntary staff cuts and early retirements, but that they have not justified the cuts. “UMass Amherst Chancellor Kumble Subbaswamy is…

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by Kristin Palpini