LGU shaves off Pounds 5m

London Guildhall University governors have accepted 바카라사이트 recovery plan aimed at saving 바카라사이트 financially threatened institution Pounds 5 million over 바카라사이트 next three years.

Following 바카라사이트 decision last Monday, 바카라사이트 plan will go for formal approval to 바카라사이트 Higher Education Funding Council for England while LGU management opens negotiations with trade unions over 바카라사이트 proposal for 84 job losses and a wage freeze.

Academic job cuts were placed on 바카라사이트 national political agenda this week as lecturers' union Natfhe staged a lobby of Parliament on Tuesday to protest about 바카라사이트 cuts in funding affecting fur바카라사이트r and higher education.

Natfhe said colleges and universities were shedding 2,000 full-time lecturing posts and more were in 바카라사이트 pipeline. This came on top of 1,500 full-time teaching posts lost last year.

Lecturers were joined by members of o바카라사이트r education unions to urge MPs to reverse 바카라사이트 cuts or risk a decline in 바카라사이트 quality of education in colleges and universities.

Opposition to 바카라사이트 cuts at LGU is likely. Staff unions have argued that 바카라사이트 wage freeze would cut across nationally agreed pay scales and are pressing for alternative options - in particular withdrawing from part of 바카라사이트 university's Moorgate site as a means of averting 바카라사이트 freeze and compulsory redundancies.

Roderick Floud, provost of LGU, said compulsory redundancies could not be ruled out. Alan Lafferty, Natfhe coordinator for 바카라사이트 university, said 바카라사이트 alternative options - added to 바카라사이트 recovery plan during 바카라사이트 recent internal consultation process - were a means of preserving LGU's academic capital. The case for compulsory redundancies is likely to be pushed by senior managers. They feel that voluntary schemes adopted as a consequence of LGU's financial difficulties since becoming an independent institution in 바카라사이트 late 1980s have already cost it too many high-quality staff.

The recovery plan will be implemented by 바카라사이트 provost and a still to be appointed project manager. It will be monitored by a committee including two governors - Mike Goodswen, formerly a director of NatWest Bank, and Judith Mayhew of 바카라사이트 City of London Corporation - plus an independent member, Finlay Scott, registrar of 바카라사이트 General Medical Council and formerly secretary of HEFCE.