Search
Advertisement
| Digg | Facebook | Stumble It! | Delicious del.icio.us | Fark
E-mail | Print
Jan 28, 2008 5:59 am US/Eastern

MTA Plans To Save Money By Cutting Jobs

NEW YORK (AP) ― The MTA is planning to cut 242 jobs as a way to save $40 million annually.

Officials say the Metropolitan Transportation Authority also plans to consolidate finance, personnel and information technology operations of its agencies into a central business center. The job cuts will be across its several divisions.

MTA Executive Director and CEO Elliot Sander calls it a "giant step" toward making the agency "more efficient, leaner and more integrated."

The cost-cutting consolidation will cost between $170 million and $235 million to start up.

Officials say they'll present the cost-savings plan to the authority's audit committee today.

(© 2008 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

From Our Partners

You need the latest Flash player to view video content.
Click here to download.

Click here to bypass this detection if you already have the latest Flash Player.

Top Stories

Top News Stories

Advertisement

© MMVIII, CBS Broadcasting Inc. All Rights Reserved.