Firings And Raises At NYCOTB

Published: April 27, 2010 05:00 pm EDT

The Chief-Leader, a weekly civil service newsletter, catches up with an interesting anachronism today.

The New York City Off-Track Betting Corporation, bleeding badly and having fired 35 top level execs last weekend, will step in where the New York legislature reportedly cannot tread, and will cover the cost of a severance buyout program and two 4% raises for its unionized employees.

The publication, quoting OTB chairman Meyer 'Sandy' Frucher, says the first of 40 of NYC OTB’s 60 betting shops to be closed will remain open, at least until June.

(Harness Tracks of America)

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