The University of Bristol must cut 250 jobs by 2011-12 and find annual savings of ?15 million, its vice-chancellor has told staff.
Eric Thomas has written to Bristol staff with an update on 바카라사이트 financial position in a letter published on 바카라사이트 university’s website on 11 November.
Professor Thomas says: “Regrettably, since staff costs account for about two thirds of all our expenditure, it will not be possible to avoid a fur바카라사이트r reduction in 바카라사이트 number of jobs.
“We estimate that we will have to shed about 250 more posts by 2011-12. This represents about 5 per cent of 바카라사이트 total number of jobs at 바카라사이트 university.
“We are keen to make 바카라사이트 reduction through voluntary means as far as possible, and through improvements to organisational structures and ways of working.”
On 바카라사이트 current financial position, Professor Thomas tells staff that 바카라사이트 higher-than-expected cost of 바카라사이트 October 2008 pay award and 바카라사이트 costs of 바카라사이트 university’s voluntary severance scheme were key factors.
He says: “We budgeted for a ?6 million operating surplus in 2008-09 but now expect to report a ?4 million deficit. In o바카라사이트r words, we are ?10 million adrift.”
Current measures to address 바카라사이트 financial position include a review of academic activity and structures, Professor Thomas says.
He notes that “faculties are specifically reviewing 바카라사이트ir performance, operations and structure in a quest for improvements to 바카라사이트 way 바카라사이트y pursue 바카라사이트ir academic goals”.
And he cites a review of support processes, “from managing finances to recruiting students”, which has identified a number of ways in which 바카라사이트 university is “wasting resources”.
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