Word: galvin
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...Galvin declined to comment on the cost savings achieved by the cuts, but said that the layoffs announced today represent a "significant step" in aligning Harvard with its current fiscal reality. He added that while administrators "do not have any current plans for additional University-wide reductions," the need for further budget cuts could not be ruled out as Harvard reshapes itself in a volatile global financial environment...
...continued medical and dental benefits for 18 months. Non-union, administrative, and professional staff are eligible for employment coaching and outplacement services, and unionized workers are eligible for three additional months of paid work security, during which they will receive case-management services, according to University spokesman Kevin Galvin...
...long anticipated the impending staff cuts—Harvard officials often emphasize the need to trim compensation costs, which make up roughly half of the University's $3.5 billion operating budget—the layoffs appear to be have implemented quickly. Only three weeks earlier, in early June, both Galvin and Bill Jaeger, director of the Harvard Union for Clerical and Technical Workers, said that negotiations about staff reductions remained in very early stages, with discussions of a timeline for layoffs premature...
Most of the affected staff members, Galvin said today, would be leaving campus roughly two weeks after notification...
...Faculty of Arts and Sciences and the Central Administration, which respectively contributed 156 and 177 workers--acceptance rates of roughly 30 percent and 34 percent. Harvard Business School had the highest rate, with nearly 41 percent (42 out of 103) of eligible staff members accepting the buyout.University spokesman Kevin Galvin declined to characterize the results of the program in any way, saying that the participation rate speaks for itself. He also declined to comment on the costs or savings achieved by the program, but noted that it was primarily funded through assets set aside for the University's defined-benefit...