St. Joe Sets Timeline For Additional Cuts

Posted: Updated:
(Image courtesy of Saint Joseph's College on Instagram.) (Image courtesy of Saint Joseph's College on Instagram.)

Saint Joseph's College officials have detailed another round of job cuts. The bulk of the reductions involve student workers, but jobs such as director of admissions, dean of students and nearly four dozen faculty and adjunct faculty positions are also affected. In a notice to the state, SJC says the cuts will be effective in early May.

Operations on the Rensselaer campus are set to be suspended at the end of the current school year. "Although not yet determined," the notice to the state that is signed by SJC Vice President for Business Affairs Spencer Conroy says, "this action my ultimately result in the closure of the entire college and if that will occur the college will provide information regarding that determination." The long-term existence of the college will be examined through a feasibility and practicality study that the board of trustees is asking to be complete by June 20, 2019.

Last month, the embattled college announced 36 jobs that are slated to be terminated April 17. In February, the SJC board voted to suspend activities on the campus. The decision came after determining the school needed $20 million to continue for another year. In all, the school has outlined $100 million in expenses including debt, deferred maintenance and scholarships to keep St. Joe open as it currently operates for years down the road.

President Robert Pastoor said in a February interview with Inside INdiana Business the college's financial woes were not kept a secret and the administration's focus is on setting the path for a "re-engineered" St. Joe.

  • Perspectives

    • Want A Guaranteed Negative Return?

      Here we go again! On Wednesday, August 14th, we watched the Dow Jones Industrial Average (DJIA) drop over 800 points.  The previous Monday the Dow ended down over 700 points. But what you may have missed is the sharp downward move in interest rates that has intensified with the recent stock market volatility. What does this mean for your portfolio?



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • (courtesy: Frank Logan/Military Vehicle Preservation Assoc.)

      Historic Military Convoy to Cross Indiana

      A sentinel moment of U.S. history is playing out Sunday in South Bend when the recreation of the U.S. Army Transcontinental Military Convoy rolls into town. Approximately 70 historic military vehicles are retracing the original 1919 cross country trip which traveled along the famed Lincoln Highway.

    • West Lafayette Center Breaks Ground

      West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms. 

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • Caito Foods was founded in 1965.

      Caito Foods to Cut Jobs

      Michigan-based SpartanNash (Nasdaq: SPTN) has decided to discontinue the Indianapolis-based Caito Fresh Kitchen operations. The grocery retailer-distributor acquired Caito Foods Service in January 2017 for $217 million. The company broke ground on its $32 million fresh kitchen process facility in 2015. 

    • Photo courtesy of W.A. Jones

      Foundation Investment Partners Acquires W.A. Jones

      Cleveland-based private equity firm Foundation Investment Partners has acquired Whitley County-based truck parts distributor W.A. Jones. Terms of the transaction were not disclosed.