Salary cuts at Academy of Natural Sciences

March 13, 2009 8:28:28 AM PDT
Blaming the sour economy, the Academy of Natural Sciences in Philadelphia announced salary cuts Friday in an effort to preserve jobs and maintain current operations.In a written statement, Academy President and CEO William Y. Brown said staff salaries throughout the museum would be reduced overall by about 5% starting April 1st.

The cuts will be tiered, Brown said, with his salary being cut 10%, and other salary cuts scaled down to 4%, based on salary level.

People making $30,000 per year or less will not be affected.

The Academy also said that its endowment has fallen from more then $60 million in early 2008 to less than $40 million currently.

The Academy is preparing to celebrate its 200th anniversary in 2012.

RELATED: Academy of Natural Sciences website.

CLICK HERE to follow Action News on Twitter

CLICK HERE to get Action News on your website

CLICK HERE to find Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.