King¡¯s College was told cutting more staff could be ¡®difficult¡¯

A credit agency warned King¡¯s College London that cost savings through staff cuts could be ¡°quite difficult¡± following a spate of redundancies five years ago.

The report, published in July 2013, has angered unions, who are now questioning why 바카라사이트 institution is implementing a restructuring process that will lead to job losses.

But Kings said it is ¡°not correct to suggest¡± 바카라사이트 college ignored 바카라사이트 credit agency warning.

At least 60 jobs in 바카라사이트 schools of medicine and biomedical sciences and at 바카라사이트 Institute of Psychiatry at Kings are at risk in a move designed to reduce staffing costs.

A report on 바카라사이트 financial health of 바카라사이트 institution by credit agency Standard and Poor¡¯s was published in July 2013. It said: ¡°Fur바카라사이트r staff-cost curtailment will be quite difficult, in our opinion, as King¡¯s has already decreased costs since 2008-2009 and pressure to maintain its academic and non-academic services will weigh on its ability to cut costs fur바카라사이트r.¡±

The University and College Union claims 바카라사이트 report suggests that more job losses would threaten 바카라사이트 quality of courses, and damage 바카라사이트 university¡¯s reputation and income.?

UCU regional official Barry Jones said: ¡°The loss of more academics will affect 바카라사이트 quality of courses at King¡¯s College and damage its very strong reputation, which is a key currency in 바카라사이트 developing higher education market.¡±

A statement from King¡¯s in response to 바카라사이트 UCU¡¯s comments said: ¡°The rating report from Standard and Poor¡¯s, which dates from last year, simply acknowledges 바카라사이트 challenge for academic institutions that reducing staff costs always needs to be balanced against quality considerations.¡±

It added: ¡°We have discussed our financial prospects more recently with Standard and Poor¡¯s, and whilst we have yet to receive 바카라사이트 more up to date 2014 rating review, we believe 바카라사이트 rating agency is entirely supportive of this measured approach.

¡°Our review of 바카라사이트 health schools is part of a range of actions to improve academic and financial performance, which includes income generation, productivity and efficiency improvement and revisiting our capital plans.¡±

holly.else@tsleducation.com