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University of Manchester
University of Manchester
Manchester

Manchester University braced for losses of more than £270m

https://www.theguardian.com/education/2020/apr/25/manchester-university-braced-for-losses-of-more-than-270m

"The vice-chancellor of the University of Manchester has said the institution faces losses in excess of £270m next year if students cancel their studies because of the coronavirus pandemic.

Prof Dame Nancy Rothwell told staff that job losses and pay cuts might be required, along with “rapid and radical changes to our university and the way we operate”.

Her stark assessment came after a report from the University and College Union (UCU) forecast that the sector could lose about £2.5bn next year in tuition fees alone, along with the loss of 30,000 university jobs if Covid-19 continues unchecked. Earlier this week,Imperial College London warned of widespread cuts to mitigate the damaging impact of the pandemic on the institution.

Rothwell said the University of Manchester was preparing for a reduction of up to 80% in international students, and a 20% decrease in those from the UK and the EU, because “they may be unable or unwilling to travel, face financial hardship or simply wish to defer until there is more certainty”."
Razz... That's a lot of money lost.
Here's to Uni opening in September for face to face sessions 🥤
University of Manchester
University of Manchester
Manchester
Original post by ultimateradman
Razz... That's a lot of money lost.
Here's to Uni opening in September for face to face sessions 🥤

Manchester has already said they will be doing online lectures for the first semester.manchester.jpg
Original post by Treetop321
Manchester has already said they will be doing online lectures for the first semester.manchester.jpg

That's peak, good thing I don't go there. Hopefully my uni doesn't do that.
Its a good insight into what other unis might be thinking, thanks for sharing :smile:
Sounds like it's going to make next year's postgraduate applications far more comepetitive. yay!

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