February 19, 2009

Harvard to offer early retirements to save money

According to Reuters, CNBC: “Harvard University, the world’s richest, said on Wednesday that it will hold salaries flat for the next academic year, let staff retire early and slow construction of a new campus in Allston to save money. Harvard President Drew Faust wrote to students, faculty and staff on Wednesday, saying that the economic downturn will require “taking some difficult steps.”

~News submitted by upthecreek

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