Saturday 20 June 2026
FTSE 100 10,363.27 -1.38%S&P 500 7,500.58 -0.14%Nasdaq 26,517.93 +0.54%Dow 51,564.70 -0.84%Nikkei 225 71,250.06 +0.28%Gold $4,172.90 -4.27%Silver 64.91 -8.18%Brent Crude Oil $80.59 +1.31%Dollar Index 100.85 +0.76%GBP/USD 1.3237 -0.48%GBP/EUR 1.1533 -0.22%GBP/AUD 1.8870 -0.43%Bitcoin (USD) $63,395 -0.23%Ethereum (USD) 1,721.51 +0.62%FTSE 100 10,363.27 -1.38%S&P 500 7,500.58 -0.14%Nasdaq 26,517.93 +0.54%Dow 51,564.70 -0.84%Nikkei 225 71,250.06 +0.28%Gold $4,172.90 -4.27%Silver 64.91 -8.18%Brent Crude Oil $80.59 +1.31%Dollar Index 100.85 +0.76%GBP/USD 1.3237 -0.48%GBP/EUR 1.1533 -0.22%GBP/AUD 1.8870 -0.43%Bitcoin (USD) $63,395 -0.23%Ethereum (USD) 1,721.51 +0.62%
Advertisement
Follow News in 60 on Facebook
UK Weather
London 20°C Partly cloudyBirmingham 18°C OvercastManchester 18°C Patchy rain nearbyNewcastle 16°C OvercastBristol 18°C Partly cloudyCardiff 16°C OvercastEdinburgh 15°C Partly cloudyBelfast 13°C Partly cloudy

University of Dundee Faces Further Job Cuts Amid Financial Crisis

Advertisement
Follow News in 60 on Facebook

The University of Dundee is set to cut an additional 190 jobs as it grapples with a significant financial deficit. This follows the loss of 675 positions through voluntary redundancies, highlighting the institution’s ongoing struggle to achieve financial sustainability. The university’s interim principal, Prof Nigel Seaton, acknowledged that despite efforts to reduce non-staff spending, the bulk of the savings must come from staff costs.

These cuts are part of a broader strategy to address a projected £30 million deficit, which has already prompted extensive strike action from the University and College Union. The latest job reductions are being communicated to staff through brief meetings, raising concerns about the transparency and impact of these decisions on the university community.

The situation has been exacerbated by a critical report that revealed failures in financial oversight, leading to resignations among senior management. The Scottish government previously provided £40 million in emergency funding, but further redundancies are now deemed necessary, with compulsory layoffs not ruled out.

As the university embarks on consultations regarding its future structure, the implications of these cuts extend beyond immediate job losses, potentially affecting the quality of education and research output, which could have long-term consequences for students and the wider community.

Source: BBC News

Read more Money news →

News Category: Money Tags: cuts, dundee, finance, jobs, university

Leave a comment

Your email address will not be published. Required fields are marked *