Friday, November 22, 2024

500 job cuts and no cash for books or coffee at university

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The bleak financial situation at a Nottingham university means around 500 job cuts are on the cards, a union says, as library book orders are put on hold and coffee is taken out of staff rooms. The University of Nottingham has enacted a wide-ranging set of cutbacks after its leaders became aware it was hurtling towards a financial year-end budget gap – measures which unions say will only create more problems.

In recent days the city’s prestigious university has started a Mutually Agreed Resignation Scheme, in which employees voluntarily leave with a severance payment. However, according to academics union UCU, this has followed a hiring freeze, cuts of all non-pay budget items and plans not to renew the contracts of almost 500 staff on fixed-term contracts that expire in July.




“We are, thus, especially concerned about the way the finances are managed at the University of Nottingham,” a statement agreed upon by the university’s UCU committee said, continuing: “The way that fancy infrastructure projects are almost exclusively financed via annual surpluses inevitably implies constant downward pressure on pay budgets.

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“In particular, we are concerned about the millions and millions of pounds being spent on the vanity project of the new Castle Meadow campus. Ultimately, it is staff who will pay for these management excesses.”

The university bought the Castle Meadow site, which was formerly occupied by HMRC, for more than £36 million in 2021. The 32,500 square metre space will be used to educate thousands of post-graduate students and house global and local businesses.

Last year the head of the project said £45 million had been invested into the new campus as of July, but explained this had not all been invested by the university itself. It is expected to open in 2025, with teaching ramping up on the site in 2026.

The UCU committee added: “In general, we are concerned about the way of how the university governance structures are organised and how little opportunity staff have for meaningful participation in those structures. Instead of drawing on the existing expertise within our institution, only a very small circle of senior managers decides on Future Nottingham.”

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