The 2020 annual report tells staff what they already knew – hard times aren’t over

As previously announced the university made an $9m operating surplus last year on $2.4bn in revenue, down 4.2 per cent on 2019. (CMM March 25).

Teaching income was down 21 per cent, with international enrolments  3 per cent lower, to 41 per cent.

The university clawed its way into the black (ex tied-income) by making $360m in staff and other savings.

Full-time equivalent academic staff declined by 81 (to 4754). And FTE professional staff numbers fell by 244 to 4435.

But FTEs aren’t individuals and total employees fell from 12 214 in December 2019 to 11 376 a year later.

The search for savings is not over yet. “the recurrent revenue challenge remains significant and is expected to continue in the coming years,” the university states.