Seems like this is hitting the local new now. From the article, "Administrators say their goal is to avoid layoffs and minimize the effect on employees. They say they are "considering alternative measures to defray some of the impact, which cannot be fully addressed with currently available state and federal funding."
My wife works for UIHC. What upper management communicated to the employees to make up for the UIHC's financial shortage was layoffs or to reduce "everyone's" salary by a undetermined percentage for an undetermined amount of time.
During the same town hall meeting it was brought up about postponing construction projects. They commented that they would look into that as well. Funny how an employee had to bring that up and it wasn't one of the UIHC main ways to save money.
Federal aid was also brought up and they commented that it "wasn't enough".
Just thought it was interesting they went straight to layoffs and reducing salaries. What about the terrible mismanagement of construction projects? Hell they still owe Modern Piping about 13.5 million.
https://kwwl.com/2020/05/19/layoffs-possible-as-uihc-assesses-pandemic-impact/
https://www.thegazette.com/subject/...dern-piping-withholds-brunt-of-award-20190425
My wife works for UIHC. What upper management communicated to the employees to make up for the UIHC's financial shortage was layoffs or to reduce "everyone's" salary by a undetermined percentage for an undetermined amount of time.
During the same town hall meeting it was brought up about postponing construction projects. They commented that they would look into that as well. Funny how an employee had to bring that up and it wasn't one of the UIHC main ways to save money.
Federal aid was also brought up and they commented that it "wasn't enough".
Just thought it was interesting they went straight to layoffs and reducing salaries. What about the terrible mismanagement of construction projects? Hell they still owe Modern Piping about 13.5 million.
https://kwwl.com/2020/05/19/layoffs-possible-as-uihc-assesses-pandemic-impact/
https://www.thegazette.com/subject/...dern-piping-withholds-brunt-of-award-20190425
Last edited: