Geva Theatre cuts five positions, orders "unpaid furloughs"
Posted at: 10/02/2012 12:28 PM
| Updated at: 10/02/2012 6:04 PM
By: Berkeley Brean | WHEC.com
Geva Theatre announced in a letter to donors that it cut five full-time positions and instituted "unpaid furloughs" for some staff to help "stem the downward decline in Geva's financial position."
The Theatre company says it made the decision in late September "to ensure that the organization continues its progress toward financial stability and growth."
The letter says Geva "finds itself with unrestricted working capital of negative $1.3 million."
Click here to read the letter Geva Theatre sent to donors
The letter states that Geva management focused on reducing fixed costs and overhead.
The cuts include:
- five full time positions in administration, marketing, development and production.
- unpaid furloughs in production shops between "build periods of our productions."
According to the letter, Geva "avoided cuts that would impact the level of artistry and patron service that you have come to expect from Geva."
The letter does say that Geva has "turned the financial corner, and we are on the long climb to financial health."
Geva Theatre Executive Director Tom Parrish declined to talk on camera for the story, calling it "old news."
Here is a link to a blog in City Newspaper on the issue. They interviewed Geva Executive Director Tom Parrish last week and it gives a little perspective.