The City of Sheridan has announced that they have had to lay off 8 full-time employees, 2 part-time employees and have reduced the hours of an additional two other employees. The layoffs are a direct result of the $1.3 million budget shortfall that the City has incurred.
In a memo issued to all employees, the City stated that those laid off will be eligible for the package of severance pay and insurance that was announced last week; they will also be eligible for a 65% Federal COBRA subsidy for up to 15 months, as well as Unemployment Compensation. It was also noted that the Human Resources Department will provide job search assistance for those desiring it.
The memo went on to say that the City believes this reduction, both in terms of voluntary reductions and in layoffs, will ultimately ensure that the City will be financially capable of continuing operations without the need for further layoffs.
The City has released further information on the departments that have been affected. We have provided a department-by-department breakdown for you on our website sheridanmedia.com.