Shakespeare & Company Announces Restructuring

Stage Directions: "Shakespeare & Company has started a restructuring plan in order to cut costs and increase income. The restructuring plan trims the annual budget from $5.6 million in 2008-2009 to $4.7 million in 2009-2010. Seven employees will be laid off, while others will shift to part-time or consulting roles, while still others will see their duties expand and evolve. A 10% across-the-board pay cut will take place for year-round employees. The three Founders of Shakespeare & Company—Artistic Director Tina Packer, Director of Education Kevin G. Coleman and Director of Training Dennis Krausnick—will forgo pay entirely for two months."