USOC to cut work force

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WASHINGTON – The U.S. Olympic Committee announced today it will trim its workforce, further reduce programming and slash more administrative expenses in cost-cutting measures that should save $7.1 million.A gloomy economic forecast prompted the 10-member USOC board to implement the undetermined number of layoffs, expected within a month among 330 employees at the Olympic Training Center in Colorado Springs.

Decreases on the programming and administrative fronts will mirror December cuts, in which the USOC, with a budget now at $135.5 million, curbed meetings, staff travel and professional training.

Funding for athletes and national governing bodies of Olympic winter sports, recently boosted by 10 percent to $13.3 million, won’t be affected less than a year from the 2010 Vancouver Games.