Smithsonian Offers Buyout Packages in Budget Crunch
The Post's Jacqueline Trescott reports:
The Smithsonian Institution is offering all of its employees a voluntary buyout plan to reduce its workforce, meet its tightened budget goals and restructure the organization to match the principles of its new strategic plan.
The buyout offer was announced Monday in an internal e-mail to the Smithsonian's 6,000 workers, who are either federal employees or Trust Fund personnel, the latter of whom are paid through the Smithsonian's unrestricted nongovernmental accounts. The plan also includes employees at the Smithsonian Tropical Research Institute (STRI) in Panama.
About 4,000 of the Smithsonian's employees are federal workers; the rest are trust employees.
When the Smithsonian last proposed a buyout in 2003, approximately 240 employees accepted the offer. In the new action, the institution said, the buyout amounts will vary but in no case will exceed $25,000.
| September 29, 2009; 2:05 PM ET
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