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MTA Plans To Save Money By Cutting Jobs

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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.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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