Leaders of the International Mission Board announced a plan Aug. 27 to achieve a balanced budget that includes reductions in the work force both at home and abroad.
The Southern Baptist Convention’s International Mission Board will offer voluntary incentive for early retirement in an attempt to cut between 600 and 800 jobs from the agency’s missionary force and staff.
Leaders of the Richmond, Va.,-based IMB released details a plan to address ongoing budget shortfalls Aug. 27, the one-year anniversary of the election of agency President David Platt.
Currently the IMB supports 4,800 missionaries and 450 staff, according to an FAQ sheet issued Aug. 27. The plan calls for reducing the total number of missionaries to 4,200 and liquidating property in order to keep as many on the field as possible. Leaders will also study day-to-day operation and long-range planning of the Richmond staff.
Sebastian Traeger, the IMB’s executive vice president, said the goal is “to align our cost structure with the amount of money given to us each year.”
This year IMB anticipates a budget shortfall of $21 million, and over the past six years expenditures have exceeded revenue by a total of $210 million.
The IMB plans to appoint about 300 new missionaries in 2015 and hopes for a similar number next year. Details of the retirement incentive offer are being finalized and will be announced Sept. 10.
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SOURCE: Baptist News Global