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02.07.2020 / 15:31

New Rutgers president cuts salary by 10% citing financial impact of coronavirus

(Photo by Mitchell Layton/Getty Images) NEW BRUNSWICK, N.J. - The new president of New Jersey's flagship university has cut his salary by 10%, citing the school's ongoing financial issues related to the coronavirus outbreak.Jonathan Holloway made the announcement Wednesday, his first day on the job. Rutgers faces a projected $250 million financial hit next school year due to the pandemic and has laid off hundreds of employees.The university also wants to freeze scheduled pay increases for workers.Holloway was named the university's president in January.

Mitchell Layton state New Jersey county Brunswick city New Brunswick, state New Jersey president pandemic Coronavirus

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