Macquarie U VC S Bruce Dowton briefed staff yesterday on the university’s 2020 financial results, in its annual report, tabled in the NSW Parliament, Friday (CMM yesterday)

There is good news in his message, better than expected teaching revenues in the second half of last year, which were up $11m on forecast.

But the bottom-line on the bottom line, is that the university lost $51m in 2020, “after restructuring costs” of $37m.

And what do you reckon they might have been? The VC does not expand, but the annual report (p79) refers to $18.4m in (voluntary) redundancy payments for academic staff and $18.1m for “non-academic staff.”