A Bennington plant that makes auto parts is continuing to reduce
its work force. The latest layoffs
at NSK Steering Systems America brings to a total of 200 the number of layoffs
since October.
The University of
Vermont’s budget troubles have worsened with news that the school will likely
face an $11 million state funding cut in the next two years.
University of Vermont President Dan Fogel says layoffs and spending freezes are likely as the
school grapples with a projected $22 million budget shortfall.
The
state’s unemployment rate held steady last month, but economists say the worst
is yet to come. And
the unemployment numbers released late last week don’t reflect several major
lay offs in Rutland County.