The Vice-Chancellor stated that, unlike other universities, he had not asked employees to forego recent pay increases for enterprise agreements. “Some of these steps are inedible and painful, especially when they have an impact on jobs and our people,” said UNW Vice-Chancellor Ian Jacobs. . “This is a step I deeply regret, but I can`t avoid.” In recent weeks, employees at the University of Melbourne, Wollongong University and Southern Cross University have voted against raising wages to save jobs. The job cuts and restructuring package is the “absolute minimum” to keep the university viable next year. “We need to move quickly. The situation is so uncertain. We now have to make budget cuts,” said Professor Jacobs. “Unfortunately, there will still be a gap in the expected financial deficit – after a significant reduction in our non-person spending and the use of our cash reserves – that will lead us to reduce our workforce. In 2019, 38.7% of the university`s students were international and many had been taken abroad when COVID-19 struck in early 2020. Revenues have fallen by $400 million this year and an additional $370 million has been forecast for 2021. A larger than expected number of international students had decided to study online and pay fees at home, and the demand from national students was “very high”.
This saved the IEW from a “disaster.” The job cuts represent a 7.5% reduction in the workforce and were only achieved after “exhausting all other options,” including the $115 million in reserves. The University of New South Wales will lay off 493 employees, reduce management by 25 per cent and reduce the number of its faculties from eight to six because it faces a drop in revenue of about three-quarters of a billion dollars. “We decided not to go to the union. We have a good relationship with the union. But I don`t bury myself. He said that merging the faculties of art, design and construction into a single department would save more money and allow you to rent a space or rent to the municipality or the company. Management took a 20 per cent pay cut at the beginning of the year, and 1,000 employees volunteered to lower their salaries, but that was not enough. Vice-Chancellor Ian Jacobs said a voluntary redundancy program for academic and non-university staff would begin immediately. It would become mandatory “if necessary” to ensure that the reductions will be in effect until October. In exchange, QUT would apply a moratorium on forced redundancies until June next year. On Tuesday, the Queensland University of Technology revealed it was struggling to reverse a $100 million deficit. Vice-Chancellor Margaret Sheil said she would ask employees to defer a 2% pay increase and forgo 18 months off.
Professor Jacobs said his financial team had warned him that UNW would cut $600 million this year.