NEWS
April 7, 1994
Unlike his numerous, more impulsive predecessors, School Superintendent Walter G. Amprey was able to resist an urge to reorganize the city public school system for nearly three years. But now that he has caught the bug, he is pledging to do a major house-cleaning in the name of improving education. As an opener, he has downgraded his two top deputies. By the time this reorganization is implemented in September, more than 100 administrators may have been transferred, demoted or terminated.
BUSINESS
By By Hanah Cho | June 1, 2010
Baltimore-based CitiFinancial, the consumer lending arm of financial giant Citigroup Inc., said Tuesday that it plans to close 330 branches across the U.S., including six in Maryland, as it reorganizes its business and continues to look for a buyer. The move will result in 500 to 600 job cuts, though it's not known how many employees will be affected in Maryland, according to CitiFinancial. Citigroup has been trying to sell CitiFinancial and other distressed assets since last year amid the financial crisis.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | December 31, 1994
Merry-Go-Round Enterprises Inc. creditors and stockholders yesterday presented the company with a reorganization plan that could allow the Joppa-based clothier to leave bankruptcy protection by the summer.Merry-Go-Round analysts had predicted the retailer's bankruptcy case would drag on for at least another year. Yesterday's proposal, while still tentative and requiring approval the court, also appeared to be blessed by the company."We were reaching a point in the road where things could have become very contentious," said Wilbur L. Ross Jr., senior managing director of Rothschild Inc., a financial adviser to the company's equity holders, of the negotiations between the two sides.
NEWS
By Michael Hill and Michael Hill,Staff Writer | January 27, 1993
When it comes to governmental reorganization, the do-it-now governor wants to do it later.At the first hearing on one of the reorganization plans advanced by House Speaker R. Clayton Mitchell Jr., aides to Gov. William Donald Schaefer responded with the threat of a veto and a counterproposal that would delay action on such restructuring until a new governor is sworn in."I never like to talk about vetoes during the legislative session," said David R. Iannucci, the governor's chief legislative aide, when asked about that possibility at a House Appropriations Committee hearing.
NEWS
By James Bock and James Bock,Sun Staff Writer | June 24, 1994
Burdened by a $2.7 million financial deficit, the NAACP has dismissed 10 employees and expects to cut the staff at its Northwest Baltimore headquarters by another 10 over the summer.The Rev. Benjamin F. Chavis Jr., the civil rights group's executive director, said the moves were part of a major reorganization of the NAACP. He contended that the "financial situation did not trigger the reorganization."However, Dr. Chavis, who became the NAACP's chief executive in April 1993, said:* The organization's general fund was $900,000 in the red last year, adding to an existing deficit.
BUSINESS
By Timothy J. Mullaney and Marina Sarris and Timothy J. Mullaney and Marina Sarris,Sun Staff Writers Sun staff writer Jay Hancock contributed to this article | June 16, 1995
A restructuring of the state Department of Economic and Employment Development turned into a small-scale purge this week, as 16 officials were dismissed and the agency's international division was set to lose its status as a separate division.The largest single move in the reorganization is a shift of the department's division of employment and training, along with 1,200 workers, to the Department of Licensing and Regulation. The new Department of Labor, Licensing and Regulation will take over running unemployment insurance programs as well as research functions studying the state's economy.