The Billy Graham Evangelistic Association is laying off 55 employees, or about 10 percent of its staff.
The Charlotte Observer reported Monday that Ken Barun, the ministry's senior vice president for communications, said that in the current economy, the association needs to be sure it is tightening its belt as much as it can.
Barun said the layoffs and other cost-cutting should slice the annual budget by about 15 percent, reducing it to $84 million.
Barun said contributions have been "relatively flat," and the
association has seen a downturn in revenues from sales of products
such as books and returns on endowment funds.
A few of the 55 positions being eliminated are based at The Cove, the Billy Graham Training Center in Montreat. But most of the positions are based in Charlotte.
Copyright 2014 by The Associated Press. All Rights Reserved.