: Classifieds : MyJU :
Stories: News
Browse News Stories: « Previous Story | Next Story »

Prefecture salaries to be slashed 5~20% in coming year

Date Posted: 2007-10-25

Faced with mounting budget deficits, Okinawa Prefecture has announced plans to cut salaries and bonuses for all employees.
Officials say they’re working to reform the Prefecture’s financial management system, and the payroll cutbacks will save more than ¥5 billion in 2008, and ¥20 billion over four years. The measures must go before the Prefecture Workers Union before anything can happen.
The plan is to cut 20,000 regular worker salaries by 5% in the coming year, while managerial positions will be pared by 20%. Workers in special positions will see cutbacks of 5~10%, and bonuses for Prefecture workers will be trimmed 5~20%.
The Prefecture says its budget shortfall over the coming four years totals ¥126 billion, and says it is trying to make up funding by a combination of changes. Adjusting salaries, bonuses and retirement allowances will not be enough, officials say.

Browse News Stories: « Previous Story | Next Story »

weather currency health and beauty restaurants Yellowpages JU Blog

JU FacebookOkistyleOkistyle

Go to advertising PDF?||?|o?L?qAE?|?}?OA?N?ga`OkiStyle?A??q?qM?oeu^?I`??N?gX?<eth>?<ETH>?ni^?IWanted!!Golden Kings ScheduleOkiNightSeeker