NEW ROCHELLE, N.Y. -- Thirty-two people, including faculty members, received their pink slips Monday at the College of New Rochelle.
Ten of the employees let go included tenured faculty members with the remaining including instructional staff and others from the administration.
"We have taken this painful step only after exhausting all other options," the college said on its website. "Payroll and benefits are the College’s largest area of expense, yet it’s the most difficult to reduce because it involves the lives of individuals who devote their time and energy to our students and campus. Regrettably, we are left with no choice if we are to achieve financial stability."
The college said in a statement that over the last nine months they have been implementing a financial restructuring plan designed to assure its long-term future following the devastating financial crisis uncovered last year following the resignation of then President Judith Huntington.
"This exhaustive process has involved a careful analysis of every facet of our operations to determine where expenses can be reduced while the quality and value of the student experience is maintained," the college stated.
They added that they have implemented cost reductions in virtually area and the school's financial outlook is improving. Unfortunately, they added, to achieve those gains they needed to eliminate the 32 positions.
When Huntington left, the school owed some $20 million in payroll taxes and $11.2 million more significant unmet financial obligations.
"As we move toward our fall semester, we do not anticipate any further layoffs," the college stated.
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