Australia’s highest-paid vice-chancellor has taken a 20 per cent pay cut as his university became the latest tertiary institution to shed jobs in response to a huge hit to its international student revenue | JordsBaker
Australia’s highest-paid vice-chancellor has taken a 20 per cent pay cut as his university became the latest tertiary institution to shed jobs in response to a huge hit to its international student revenue.
“If we are to continue to flourish as a world-class institution, the financial austerity measures we have lived with this year are not sustainable in the long term,” he said. Macquarie University has announced about $120 million in staff cuts, although has not put a figure on the number of jobs. The University of Technology, Sydney, has warned up to 500 jobs may be lost due to the pandemic.Dr Spence - who departs the university at the end of the year to take a job in London - said the process would “inevitably be unsettling … but we must continue to protect the university’s future”.
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