LAWRENCE — The University of Kansas will offer voluntary buyout packages to some faculty members as it grapples with financial losses from the coronavirus pandemic.
The Lawrence Journal World reports the university faces a budget shortfall of at least $120 million in the fiscal year that begins July 1 due to virus-related shutdowns.
Provost Barbara Bichelmeyer said in a Monday message to faculty and staff members that employees must be age 62 or older and meet other requirements to be eligible for the buyout.
The university says between 500 and 600 faculty and staff are likely eligible for the program.
