Plan would eliminate 500 jobs at UT - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Plan would eliminate 500 jobs at UT

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A cost cutting plan for the University of Texas calls for the elimination of 500 jobs.

The plan, called the Shared Services Plan, would eliminate the positions over the course of four years. The cuts would come from the human resources, finance, procurement, and IT departments.

It states that attrition and hiring controls are expected to account the majority of the cuts.

According to the plan, the job cuts and other recommendations will save the University of Texas between $120 million and $140 million after ten years.

In a statement the Texas State Employees Union criticized the plan saying it would mean UT would be run "more like a business and less like an affordable, public institution of higher learning."

The organization urged that the University to wait for feedback from employees and other stakeholders before implementing the plan.

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