AFP — Job cuts needed to stop NY bankruptcy: mayor

AFP:

Bloomberg, running for a third mayoral term at the end of this year, said that proposals from unions so far were “nowhere near what is adequate.”

The possible job cuts, first announced Wednesday, would be on top of 1,300 already proposed and another 8,000 that could be axed through attrition.

Department heads have until Monday to propose cuts and Bloomberg must present the city budget by the end of the month. The city is barred by law from running deficits.

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