De Blasio Holds Off On Massive NYC Layoffs

Aug 31, 2020

    

NYC Mayor Bill de Blasio holds daily coronavirus briefing

Mayor Bill de Blasio is holding off on sending out mass layoff notices as New York City struggles financially because of coronavirus.

The mayor says the pink slips are ready to be printed and they were supposed to go out at the end of August, but de Blasio says the labor unions came to him in the last few days.

“They have asked for an opportunity to convince the state legislature to reconvene immediately to address long term borrowing.  I think it’s a fair request but it’s one that has to be acted upon very very quickly.”  

Long term borrowing would avert layoffs.  Upwards of 22 thousand city workers’ jobs are at stake come October.

“Each day we will reassess because we have to address our fiscal crisis.”