UNC student store could be outsourced to private national company
Posted November 30, 2015
Chapel Hill, N.C. — A proposed new deal at UNC-Chapel Hill would cost nearly 50 state employees their benefits and possibly their jobs. UNC is considering outsourcing the student book store on campus, but employees and students said the deal is concerning.
Ruby McClellan and a group of students protested the privatizing Monday during a rally on campus.
If a company takes over, 45 full-time employees would lose their benefits.
Paul Cardillo said the book store does not cost tax payers a dime.
"All of our salaries are paid out of store revenues and all of our benefits are paid out of university fees that we pay to the university from store revenues," he said.
Anything left over goes toward education.
"The fact that the profits go to student scholarships is something that I think is very important," Cardillo said.
UNC-Chapel Hill received one unsolicited bid from Follett - a company that owns college bookstores across the country.
As part of the deal, Follett would pay UNC an annual commission of at least $3 million and then put $2.5 million toward renovations and $200,000 toward marketing each year.