“The challenges we face have not diminished,” VC John Dewar said last month (CMM February 19). He meant it

The university expects revenue to be $702m this year, $78m less than 2020 actuals, Professor Dewar told staff yesterday. And so, to deliver the target surplus of $11m, costs will need to be $691m, $97m lower than last year. This is on top of 2020’s $48m in savings .

That means more job cuts. Last year there were 300 full-time equivalent voluntary redundancies (translating to 335 people).

This year LT U needs to lose another 250-300 FTE.