Buy-out offer to 50,000 TO staff

For good or rill, and many will approve, it appears that the City of Toronto is going to be run more like a business. A leaked memo suggests that the City will announce what is called the most sweeping series of employee buyouts since amalgamation. That was 1997 It’s expected that city manager Joe Pennachetti will announce the buyout package within hours (8.11 EDT). The stories today say that almost all of the 50,000 union and non-union workers will be offered a lump sum of up to six-months salary if they quit — the only exception being the Toronto Professional Firefighters’ Association. The memo said they’ll have until September 9 to apply online. Union members would get three weeks pay for every year with the city, while managers would get four weeks for every year, and workers could start leaving in October.