The South Carolina State Ports Authority has announced a new management restructuring plan that will bring more responsibilities for top officials and provide salary increases. State Ports Authority President and CEO Jim Newsome announced the new plan this week at a monthly SPA board meeting. Newsome says he wants to help align the port’s falling revenue by targeting $7 million in cuts.
Although he could not provide details, Newsome says some of the port’s top officials will take on additional duties, with more pay. Salary increases total more than $62,000, but not all employees who take on more responsibilities will receive raises. The final details of the restructuring plan are expected to be released on March 15. Newsome says some of the extra responsibility shifts are taking place to reflect the new work the port is doing.