University set to make staff cuts as it looks to save £30m

Lancaster University has revealed it needs to make a significant number of job cuts as it seeks to save £30m in the financial year, partly due to falling student numbers.

- by Post Reporter

In what the university described as “a worrying time for our community”, a spokesperson added that it hoped to make the savings through voluntary redundancies, but that it could not rule out compulsory redundancies as a last resort.

Although Lancaster didn’t confirm the number of job cuts, it is understood there have been 70 so far and this may increase to upwards of 400.

Lancaster is not alone in UK universities facing a funding crisis in recent years, with the situation becoming even more grave.

Freezes to tuition fee levels, high inflation and a decline in international students, partly due to a ban on bringing relatives, were seen as contributing to "a perfect storm" of funding issues.