UofI considers employee buyouts

December 18, 2009 3:59:21 PM PST
The University of Illinois is considering employee buyouts as a way to cut costs.A university spokesperson says one financial problem is delays in getting payments from the state.

The state is behind on paying its bills and obligations because of the state budget crisis. It owes the university $400 million.

Buyouts are one of several options being considered by the university to try and cut costs.