N.J. Transit to Cut Jobs, Salaries Amid Deficit (Update1) (BusinessWeek)
Written by Admin on March 4th, 2010 in Uncategorized.
New Jersey Transit, the third- busiest U.S. commuter-rail service, will cut 200 jobs, reduce executive salaries by 5 percent and trim contributions into employees’ 401k retirement plans by one-third to help close a $300 million budget deficit.
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