Posts Tagged ‘cost cutting’

City leaders craft cost-cutting budget with no tax increase

JACKSON — Mayor Tony Yarber and his team have devised a financial plan that he says will reduce city of Jackson spending by $110 million without any tax hike. Yarber outlined about his proposed budget with city council members yesterday. The budget is nearly a 22 percent decrease from fiscal year 2014. The total budget […] [...]

TVA cutting 2,000-plus jobs in massive cost-saving effort

CHATTANOOGA, Tenn. — The nation’s largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign. The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities. Most […] [...]

Hancock’s profits tumble on expenditure for cost-cutting measures

GULFPORT — Regional bank Hancock Holding Co. said profit in 2013′s third quarter fell 30 percent as its spent $20.9 million on cost-cutting. Hancock, which operates Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas, posted quarterly profit of $33.2 million, or 40 cents per share. That’s down from $47 […] [...]

City enacts one-year hiring freeze; faces a $1.1M deficit

VICKSBURG — The city of Vicksburg has implemented a 12-month hiring freeze. The Vicksburg Post reports that the city is faced with a projected $1.1 million deficit when the new fiscal year begins Oct. 1. The Board of Mayor and Aldermen said the action is an attempt to prevent dipping into the city’s cash reserves. […] [...]

Bryant slashes staff’s salaries by $200K

JACKSON — Gov. Phil Bryant is saving taxpayers at least $200,000 by cutting spending in his office. According to documents obtained by The Clarion-Ledger through an open records request, the amount Bryant will spend on salaries in his office is 10 percent less than former Gov. Haley Barbour. Bryant achieved that through a reduction in […] [...]

Keesler AFB slashing another 38 civilian jobs

BILOXI — Keesler Air Force Base is scheduled to lose another 38 civilian jobs in 2012 as the Air Force continues it move toward eliminating about 9,000 such workers. The announcement comes two months after Keesler said it would eliminate 68 positions from the civilian work force in the 81st Training Wing and 403rd Wing. […] [...]

Columbus AFB to lose 17 civilian jobs in cost-cutting move

COLUMBUS — Columbus Air Force Base expects to lose about 17 jobs as the Air Force moves to trim its civilian work force by 9,000 people. CAFB chief of manpower/personnel Christopher Chesser tells WTVA-TV four of those are positions that are already vacant, two are taking early retirement and the other 11 will be taken […] [...]

Navy shutting down Seabee battalion on Coast

by Published: October 3,2011

Tags: cost cutting, defense, military, Navy, Seabees

GULFPORT — The Navy says a Seabee battalion in Gulfport will be shut down in September 2012 in a cost-cutting move. The battalion, commonly known as “The Magnificent 7,” is made up of about 600 Seabees — a number that makes up just over 10 percent of the Gulfport Seabee force. Battalion officials say some […] [...]

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