CHICAGO (WBBM NEWSRADIO) — Chicago Mayor Lori Lightfoot and the Chicago Federation of Labor have reached a deal on Saturday to avert layoffs in the city’s budget for next year.
The deal came after the CFL offered up to $272 million in cost-cutting options to the city.
A statement released by mayor’s office said the deal also ensures Chicago city workers will remain on the job as Chicago deals with the pandemic.
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The two sides will continue to work together to find other ways to cut costs and help preserve city jobs.
CLF tapped labor-oriented think tank Public Works to find alternatives to the mayor’s expectation that she’d have to layoff some 350 employees to balance the budget.
Lightfoot presented the nearly $13-billion 2021 budget plan to the Chicago City Council on Oct. 21.