CUNA is eliminating the jobs of 18 people in its Madison, Wis. office as part of previously announced cost-cutting program, the association announced today.
The cuts, which CUNA said are needed to close a $2 million shortfall, are on top of the eight layoffs the association announced in January. The layoffs affect people in areas such as administration, marketing and publishing.
Last month, the association said it will require all employees to take five days of unpaid leave between now and September, it is suspending contributions to employee 401(k) plans and also intends to make additional program cuts.
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