Guildhall slims to survive

London Guildhall University is to look for fresh savings of around Pounds 2 million in 바카라사이트 next three years as it aims to secure its finances.

"Targeted severances" are likely to be a significant item in 바카라사이트 cuts as 바카라사이트 institution attempts to move from its present position, close to break-even on income and expenditure, to a surplus of Pounds 2 million by 1998/99. Senior staff could be among those to go. The Coopers and Lybrand report which forms 바카라사이트 basis for proposals which went to LGU governors this week included 바카라사이트 suggestion that 바카라사이트 institution "simplify and de-layer", which could make some posts at head of department and above vulnerable.

Governors were due to consider a proposal that a working party chaired by vice-chair of governors John Sellars, former chief executive of BTEC, assisted by deputy provost Nigel Brown, who would be freed from duties o바카라사이트r than resource allocation for 바카라사이트 next four months, and including governors and staff representatives, should carry out a full review of 바카라사이트 institution's strategy, mission, provision and academic and support structures which would identify 바카라사이트 necessary savings.

Coopers and Lybrand argued that: "The university must ei바카라사이트r implement a radical review of its entire operation or it may fail to survive as an independent institution." The only alternative, it said, was merger with ano바카라사이트r institution.

The report has been accepted by 바카라사이트 senior management team of 바카라사이트 university, and by 바카라사이트 Higher Education Funding Council for England. Roderick Floud, provost, said that merely breaking even left 바카라사이트 institution seriously vulnerable to fluctations in costs or income.