Buy-Outs Offered To Balance UNBC Budget
By 250 News
The teaching laboratory at UNBC (photo courtesy of the university)
UNBC has announced it is offering voluntary buy-out packages to 11 faculty members and, as of this fall, is temporarily suspending new admissions in four bachelor's degree programs.
The moves are the fall-out from last month's decision to cut 50 jobs at the university - 25 faculty and 25 non-faculty staff - and streamline programming to check a burgeoning deficit that was forecast to hit more than $12-million dollars by the year 2010. While many of the non-faculty cuts occurred immediately, the faculty reductions are being phased in over three years due to contractual obligations.
The four programs affected are: Northern Studies, Women's Studies, Physics and Economics. UNBC President Don Cozzetto says, "We've been guided by commitments to be strategic and minimize the effects on students. These measures are directly affecting very few people and very few degrees."
The 11 faculty represent three-percent of the total number of full- and part-time faculty on campus. The four majors produced a total of six graduates last year, although the university points out they generally teach a large number of students. Courses in each subject will still be taught on-campus.
Cozzetto said back in January that the university needed to move from a growth mode to one of sustainability by focusing on its key, popular programs. He says this transition, "has been a tough process, but one that is essential if we are to be able to invest in growing programs."
The 2007-08 budget will go to UNBC's Board of Governors for approval on March 30th.
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