L.A. Council to cut 4,000 jobs by July 1

Daily News Wire Services
Updated: 02/18/2010 02:49:57 PM PST

The Los Angeles City Council today approved a motion to "expedite the elimination of 4,000 positions by any means necessary, including layoffs."
The council instructed all city departments and offices to identify within 45 days positions to be cut July 1.

The council's 9-3 vote comes a day after major credit rating agency Moody's Investor Service put the city on its negative watch list.

The council is also considering a proposal to privatize the operation of the Los Angeles Convention Center and restrict funding for Neighborhood Councils as further ways to help close a $212 million deficit this fiscal year that is projected to grow to $484 million next fiscal year and $1 billion by 2012-13.

http://www.dailynews.com/news/ci_14427245