"While we are taking every step to minimize impact on our people, the reality is that workforce reductions may be required, said Humber Polytechnic president Ann Marie Vaughan in a letter to staff on Monday."
"The college is still struggling to navigate financial issues stemming from the cap on international students, rising operational costs and years of limited funding."
"Faculty at the college are feeling uncertain about if they should take the offer or risk possibly being laid off in the near future, said Milos Vasic, Humber faculty union president. He said the school has yet to share how much they want to shred payroll and how severe a possible layoff could be."
Humber Polytechnic has offered voluntary exit packages to staff members as the college faces significant fiscal challenges and budget strain. President Ann Marie Vaughan stated that workforce reductions may be necessary. The college struggles with financial issues stemming from caps on international students, rising operational costs, and years of limited funding. Although the province recently announced a $6.4-billion funding model for universities and colleges over four years, including changes to OSAP grants and lifting the tuition freeze, Humber continues to face difficulties. Faculty union president Milos Vasic expressed uncertainty among staff, noting the college has not disclosed how much payroll reduction is needed or the severity of potential layoffs, creating concern that accepting exit packages may not guarantee job preservation for others.
#college-funding-crisis #workforce-reductions #international-student-caps #higher-education-budget #staff-uncertainty
Read at www.cbc.ca
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