Village POA statement regarding lay offs

As a result of a comprehensive review of all Property Owners’ Association operations, including the levels of services offered, revenues generated and costs incurred, and the staffing devoted to each service, the POA has embarked on the most significant restructuring of its operations since its creation in 1970.

As a result of the restructure, 33 full time positions with the Property Owners’ Association will be eliminated, representing a 12.5% reduction in the full time workforce. Of these reductions, 25 positions were eliminated on Tuesday; with 2 additional positions to be eliminated before the end of the year and six through attrition.

The immediate annual cost savings associated with this reduction-in-force exceeds $975,000; and when fully implemented the restructure will exceed $1.2 million in savings.

Affected employees were offered severance packages consisting of:
• Up to four weeks of wage continuation
• Up to six months of continued health insurance
• Callback for any new vacancies in their classification for a period of six months
• Preferential hiring for other future POA vacancies, based on their qualification, for a period of one year

POA General Manager said “Personnel actions of this magnitude are painful both to the affected employees and the organization as a whole; however, these changes are vital in order to ensure the long-term economic viability of the Property Owners’ Association and the critical services offered to our property owners and residents.”