$s in Interamerica

[Gregory Matthews]

The following is a detailed listing of  the financial crisis faced in InterAmerica:

https://atoday.org/inter-american-division-discusses-extreme-financial-measures/

 

[BlessedMan]

So, going by the article, this is the main concern:
 

Quote

 

The treasurer of the InterAmerican Division (IAD) recently sent a memo to managers of the constituent unions and institution detailing the financial reality of the church in the COVID-19 crisis, and the activation of plans to protect the capital of the division.

The document, dated April 8, 2020 and signed by IAD treasurer Filiberto Verduzco^[1], suggests measures that range from reducing operating expenses to authorizing retirements and a staggered dismissal of denominational employees.

 

In order to "protect its capitol;" the following is going to be on the table:

Quote

 

Under the pressure of the financial crisis, extreme measures to safeguard the capital of the Inter-American Division focus on the significant reduction of professional and pastoral personnel operating in its entities. The three measures are mentioned:

• Retirements: “A more severe measure will be to apply retirement to personnel who already fulfill the conditions, that is, those who are older and have more years of service. By applying this measure, these personnel will be informed of the measure to be applied and in the time that it will take place ”.
• Dismissal of administrative personnel: “If the situation is more severe, in the cases of local fields, start with the unemployment of personnel in the offices—that is, cut indirect expenses so that the attention to the parishioners in the districts by the pastoral personnel remains.” This would include secretaries, cleaning staff, auditors, and deputies.
• Dismissal of pastors: “If the measure is to be more severe, a process should be started to cut support personnel first and then pastoral personnel, at the union and local field level.” In applying this last measure, dismissal will begin with the ministers or pastors with fewer working years, to cover indemnities.

 

• Certainly sounds familiar. Protect the "investment."  Throw the people under the bus.

[phkrause]

I recall while working for the College Press and Atlantic Graphics, while living in Lancaster, MA, a company called Wang, got rid of all it's workers leaving only managers, etc.,  there was no one to actually do any of the work!! They went under! It was called trickle down economy where the government gave them more and more money only to have the big wigs handing out bonus money to managers, etc., but nothing to the workers! Gave raises to management but nothing to the workers that actually did the work, people kept leaving with no one getting rehired and the work was than left to those managers who had no clue what to do!! Very sad when the workers are disregarded like trash.