The Phoenix Network:
 
 
About  |  Advertise
Adult  |  Moonsigns  |  Band Guide  |  Blogs  |  In Pictures
 
All Blogs >> Phlog >> MFA eliminates 54 jobs

MFA eliminates 54 jobs

1

Boston’s Museum of Fine Arts announced today that it is eliminating 54 positions due to the global financial crisis.

“After careful consideration, we have reduced expenses by approximately 12%,” the MFA reports. “Regretfully, through electing not to fill 21 currently vacant positions and by reducing our staff by 33 members, we are eliminating 54 total positions.”

“The effect of the market on the value of our endowment, which provided close to one-third of our operating budget, has been profound,” the museum reports. “From June 30, 2008, through February 28, 2009, the endowment has declined approximately 30% to an estimated value of $359 million.”

Revenue from its shops, restaurants and membership sales are also down, the MFA says.

In addition to the job cuts, the MFA says it will eliminate salary increases for FY10, reduce the salaries of the director and management team, “re-assessed the exhibition schedule,” reduced staff travel, “re-shaped” concert and film programming, and curtailed print communications.
  • Share:
  • Share this entry with Facebook
  • Share this entry with Digg
  • Share this entry with Delicious
  • Email this article to a friend
  • Print this article

Leave a Comment

Login | Not a member yet? Click here to Join
Follow the Boston Phoenix
twitter facebook myspace youtube rss
All Blogs
more by Greg Cook
Gang of four | November 06, 2009
Wizards and masterpieces | November 06, 2009
Harvard ‘ACT UP’ show gets rise from right-wingers | October 30, 2009
In focus | October 30, 2009
Casting spells | October 23, 2009

 See all articles by: Greg Cook

ADVERTISEMENT
Latest Comments
City Council Forums - The best prices for "VIAGRA" and similar pills in our shop! http://uaiitlr.dex1.com/

By usadenisausa on 11-09-2009 in Talking Politics

Happy Carl Sagan Day! - Absolutely...his birthday must be celebrated as the international day of space exploration...(or some...

By Indranil on 11-09-2009 in Laser Orgy

The Perfect Christmas Gift for Neo-Conservative Toddlers - I was literally about to post this exact same thing.

By Deirdre Fulton on 11-09-2009 in Phlog

Pagliuca and the B-word - pagliuca is a sad pathetic individual==trying to ride his pathetic Celtic connection to the senate is...

By jeri on 11-08-2009 in Dont Quote Me

Pagliuca and the B-word - rich guy--Pagliuca hippocrite as usual with the politcally correct liberals---to be liberal is to be...

By jeri on 11-08-2009 in Dont Quote Me

Latest Comments from Phlog
Most Viewed
VIDEO + SLIDESHOW: Nintendo Music Thursday at Felt
Dead Man's Bones hate balloons, kick off US tour tomorrow in Boston
Ticket On-Sale Alert: Eyedea & Abilities + Themselves, Joe Perry, Gregg Allman, and more
VIDEO: HUMANWINE, Ketman, and What Time Is It, Mr. Fox? at TT's
Mp3: Hallelujah the Hills leak new single, kick off massive US tour
Congrats to Audible Mainframe - Winners of the SPIN Magazine "Road to Austin" Contest
Slaine, Freddy Madball, Jaysaun, Esoteric and others team up for Benefit Concert at Church next Monday (10/19)
Most Viewed from Phlog
Search Blogs
 
Phlog Archives
Monday, November 09, 2009  |  Sign In  |  Register
 
TODAY'S FEATURED ADVERTISERS
thePhoenix.com
Phoenix Media/Communications Group
Copyright © 2009 The Phoenix Media/Communications Group