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Company News

New York City mayor announces more furloughs to counter budget shortfall

Sept 23 (Reuters) - Over 9,000 New York City employees will be furloughed for five days between October and March to save about $21 million as the city battles a severe budget shortfall from the coronavirus pandemic, Mayor Bill de Blasio said on Wednesday.

“It’s a difficult one because it will affect real people and their lives, it will affect their families,” de Blasio told reporters. (Reporting by Maria Caspani, Editing by Chizu Nomiyama)

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