University of California administrators announced Thursday that the system will centralize payroll and human resources for its 10 campuses and five medical centers at a new site in Riverside. The new center is part of a system-wide initiative designed to save $500 million in administrative costs and direct them back toward the university's academic mission. UC officials said the new center would save "as much as $100 million annually" and create up to 600 jobs when fully deployed, which they hope to be within three years. Part of the savings will come from eliminated positions on the individual campuses, but officials would not say how many people would be losing their jobs.
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