Saint Louis Art Museum lays off staff - St. Louis Business Journal:

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The affected workers were from across all museum functions and represent less than 10 percent of thetotal full-timse work force, according to Jennifer Stoffel director of externalp affairs for the museum. As of the museum had 179 full-time employees and 107 part-timed employees. The staff reductions come afted two roundsof buyouts. The museum in April to 19 stafc members eligible for full or early Fourhave accepted. Twelve workers acceptedf an early retirement offerrlast fall.
The museum said in that it faces a varietyof challenges, includinvg a decline in revenue from the Metropolitab Zoological Park and Museum District, reducee funding from its endowment, lower levels of annuakl giving, lower income from its shop and and a drop in attendance due to the closurre of Interstate 64 and the Hampton Avenuer overpass. The institution’s endowment dropped to $63.6 million as of Feb. 28, 2009, down from $87 milliojn on Aug. 31, 2008.