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The agency has estimated it will deplete its share of CARES funding by the end of the calendar year.
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The COVID-19 pandemic has resulted in an 80% drop in ridership and a loss of $90 million in monthly revenue
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he staff reductions include union and non-union employees. In addition, executive staff have voluntarily reduced their salaries.
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The actions support the company’s efforts to build its earnings growth potential and highlight its focus on improving productivity, reducing costs, and optimizing its worldwide footprint to deliver increased value to customers and shareholders.
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Last month, GM Paul Wiedefeld fired 20 managers, including seven senior managers. The process of actually laying off employees will take several months.
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In the last week, RT staff has worked closely with RT’s funding agencies and has identified a $1 million potential operating fund source.
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The announcement comes after officials voted in favor of hiring a private company to provide paratransit service last November.
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The State of Texas Health and Human Services Commission canceled its three-year contract with TAPS Thursday morning, stating the transit company would no longer provide services for their Medicaid Non-Emergency Medical Transportation riders.
Read More →The agency’s plan to cut 10% of its workforce and 28% of its annual service hours in September received a backlash from the public, and spurred a union vote of no confidence in the CEO. The cuts are a result of a sales tax increase measure that was rejected by voters in November.
Read More →By Oct. 24, the agency plans to lay off Kitchener train station ticket agents, who often control portable lifts used to help wheelchair-bound passengers board trains.
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