Campus News

University of Memphis offers buyout plan to 115 of its employees

Following approval from the Tennessee Board of Regents, the University of Memphis will offer 115 employees a buyout plan in a reaction to $6.7 million in budget cuts, according to the Memphis, Tenn.-based ­Commercial Appeal. The university is not releasing specifics on the offers, which include 40 faculty, 50 staff and 25 administrative positions. Eligible employees have 45 days to decide whether or not to accept the offer, which only applies to those employed longer than six months, the newspaper reported. It is the only such effort taking place at a Tennessee institution.