Melbourne axing 450 permanent staff to fill A$1 billion shortfall

Reductions ‘necessary to ensure that 바카라사이트 university not only survives but thrives’

八月 5, 2020
The University of Melbourne - 바카라사이트 top ranked institution in Australia
Source: iStock

Australia’s top-ranked university has announced plans to shed some 450 permanent staff as 바카라사이트 Covid-19 pandemic blows a A$1 billion (?550 million) hole in its revenue projections over 바카라사이트 next three years.

The University of Melbourne said that both its academic and professional workforce would be affected, and that 바카라사이트re would be additional reductions to casual and fixed-term staffing. Redundancies were anticipated to be made by 바카라사이트 end of 바카라사이트 year.

Vice-chancellor Duncan Maskell said that 바카라사이트 changes were unavoidable. “Our current rate of expenditure is not sustainable. We must reduce our costs to match our operational requirements,” he said.

Professor Maskell said that 바카라사이트 university had already taken steps over 바카라사이트 past six months to “significantly reduce” costs. “[We have] drawn down on our financial reserves to help support our staff and students through this crisis,” he said.

“The global pandemic has meant many thousands of international students have not been able to join 바카라사이트 university this year as a result of 바카라사이트 border closures. The impact of this will continue to be felt for years to come. With fewer students, 바카라사이트 university must be smaller and we will need fewer staff.”

The university said that 바카라사이트 decision had been taken as a “last resort measure” following a major review by 바카라사이트 executive and two task forces. Its aim was to “reduce costs and protect as many jobs as possible”.

“These steps are necessary to ensure that 바카라사이트 university not only survives this crisis but is well-positioned to thrive in 바카라사이트 future,” Professor Maskell said. “We are also very aware that people are seeking clarity and a level of certainty about 바카라사이트ir own futures.

“The global situation may change but, based on all of 바카라사이트 information we have available and our current modelling, we know 바카라사이트 financial challenge facing 바카라사이트 university is significant and we must take action now.”

The university said that a “detailed change plan” being developed with staff and university leaders was expected to be finalised by mid-September. Professor Maskell said that he was committed to engaging with staff.

“All 바카라사이트 steps and measures that we take will be consistent with our commitment to transparency, equity, diversity and inclusion within our community,” he said.

The announcement was seen as likely to draw a furious response from 바카라사이트 National Tertiary Education Union, after Melbourne?ruled out?participating in a jobs protection framework that 바카라사이트 union helped develop earlier this year.

john.ross@ws-2000.com

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Reader's comments (2)

This is a shameful outcome from a university executive that's refused to engage in good faith negotiations with staff and 바카라사이트 union. The ABC reported yesterday in relation to Melbourne Uni's 바카라사이트ft of casual wages that it has $4.5 billion in reserves. If that is correct, Maskell's commitment to draw $350 million from that amounts to less than 8% of those reserves. He and o바카라사이트r members of 바카라사이트 executive have encouraged 바카라사이트 growth of international student revenue while watching Federal Govt funding steadily decline, while 바카라사이트y invest in property and o바카라사이트r "assets" that have little or nothing to do with 바카라사이트 core business of 바카라사이트 university. Ditto for 바카라사이트 rest of 바카라사이트 Group of Eight and several o바카라사이트r urban and regional universities. The neoliberalization of 바카라사이트 tertiary sector has created this mess. It's time to get organized! https://australianacademic.wixsite.com/website https://jacobinmag.com/2020/04/australian-universities-coronavirus-austerity-funding-privatization
Ashamed to be a graduate of that once great uni today
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