Metro plans to offer buyouts to avoid having to lay off 1,400 employees as it searches for ways to cut more than $176 million from its pandemic-ravaged budget.
The transit agency’s board on Thursday will consider offering retirement-eligible employees a bonus to quit so Metro can freeze or eliminate their positions and save jobs for younger, less expensive workers.
The proposal, one of several cost-cutting measures probably going into effect in January, is an example of the enormous financial strain public transportation agencies are under after the coronavirus pandemic sent fare revenue into free fall.
Transit agencies had hoped Congress’s focus over the next two months would return to passing another round of coronavirus relief, but that appears unlikely following the fraught and contentious election.
Click here to read the rest of the article written by Justin George over at the Washington Post
