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At least 100 buyout offers issued to MSU-Moorhead faculty members


MOORHEAD, Minn. (KFGO-AM) - Early retirement offers have been issued to more than 100 faculty members at Minnesota State University-Moorhead.

Faculty union president Ted Gracyk tells KFGO News that the university hopes at least 35 offers are accepted in order to avoid lay-offs.

MSUM spokesman Dave Wahlberg says the financially-strapped university is trying to head-off a projected $8 million deficit. Early retirement candidates have until Nov. 8 to accept or decline their offers.

If layoffs are necessary, MSUM is expected to announce its decision by Dec. 5.