New York City Mayor Bill de Blasio will delay sending pink slips to 22,000 municipal employees in the hopes of securing a $5 billion loan from the state government.
“Today was the day when layoff notices were going to be sent out,” de Blasio said during a City Hall press briefing Monday.
“Now our municipal labor unions have come to me in the last few days and asked for more time to see if they can resolve this issue. They’ve asked for an opportunity to convince the state legislature to reconvene immediately to address long-term borrowing.
“What I’ve said to our colleagues in the municipal labor movement is we will hold but it will be on a day to day basis,” de Blasio said.
“No one wants to see a single layoff but we have to address our fiscal crisis. So I am hoping this pause will lead to more progress in Albany because of the intense commitment to labor to getting this done,” he added.