Financial Restructuring
In autumn 2011 Vice-Chancellor Barnett announced a programme of financial restructuring with the aim of reducing the number of staff employed by the University from 3,150 to 3,000. Staff at the University expressed concern about the proposed means and impact of the restructuring, citing "the use of the threat of compulsory redundancy to bully and intimidate staff" and the belief that the University was "abdicating its responsibilities to the wider community that funds it". In April 2012, the UU branch of the University and College Union (UCU) declared a formal dispute with university management over its implementation of the restructuring, stating that the recourse to "premature deadlines and unwarranted threats of compulsory redundancy" was "unreasonable as well as contrary to University policy and corporate goals".
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Famous quotes containing the word financial:
“A theory of the middle class: that it is not to be determined by its financial situation but rather by its relation to government. That is, one could shade down from an actual ruling or governing class to a class hopelessly out of relation to government, thinking of gov’t as beyond its control, of itself as wholly controlled by gov’t. Somewhere in between and in gradations is the group that has the sense that gov’t exists for it, and shapes its consciousness accordingly.”
—Lionel Trilling (1905–1975)