Stockton University Announces Layoffs Amid $20M Structural Deficit
The latest in this situation
How it started
What happened
Stockton University announced plans to lay off 21 teachers and staff members to address a $20 million structural deficit. University President Joe Bertolino stated that the layoffs, which include 14 faculty and 7 university staff, must follow the rules of collective bargaining established by the Communications Workers of America and the American Federation of Teachers. The university noted that the cuts would be carefully considered to minimize impact on students and academic programs.
From sojo1049.com
Why it matters
The financial struggles at Stockton University, which maintains a campus in Atlantic City, require difficult steps to address its structural deficit. The implementation of layoffs and funding adjustments is governed by the collective bargaining rules of the involved labor unions.
From sojo1049.com
Who's involved
- Stockton UniversityUniversity facing layoffs due to a $20 million structural deficit
- Communications Workers of AmericaLabor union whose collective bargaining rules govern the layoffs
- American Federation of TeachersLabor union whose collective bargaining rules govern the layoffs
- Atlantic CityCity where Stockton University maintains a campus presence
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Stockton UniversitySpeculative
The university could face direct financial stress from the $20 million structural deficit and campus funding cuts.
- Atlantic CitySpeculative
Atlantic City might see reduced institutional funding for the campus due to the university's financial struggles.
How it developed
Newest first. Tap a step to see who reported it.- Unionized faculty at Stockton University are affiliated with the American Federation of Teachers (AFT).Sub-event
Campus funding was slashed for Atlantic City, leading to layoffs under collective bargaining rules.1 source
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The entities involved
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Communications Workers of America
U.S./Canadian labor union
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Stockton University
university in Galloway Township, New Jersey, United States
Nothing else this week.
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Atlantic City
city in Atlantic County, New Jersey, United States
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American Federation of Teachers
American labor union for teachers