The University of Glasgow has announced plans to introduce a voluntary severance scheme as it responds to growing financial pressures caused by a decline in international student enrolment.
In an email to staff, Principal Professor Andy Schofield said the higher education sector is facing an increasingly difficult financial environment, with the university recording a drop in international postgraduate student numbers.
According to Schofield, the university’s governing body has approved a new budget designed to secure the institution’s long-term financial sustainability while maintaining a modest operating surplus. “The financial environment is becoming increasingly challenging,” Schofield said.
He added that achieving the university’s financial targets would likely affect staffing levels across both academic and professional services. “Inevitably, this will have implications for the size of our workforce, affecting both academic and professional services roles.” The voluntary severance scheme is expected to be launched in August as part of wider cost-saving measures.
A university spokesperson said the budget approved by the governing body is intended to ensure the institution remains financially sustainable over the long term. “It has been agreed that a number of cost reduction measures should be introduced, including the launch of a voluntary severance scheme. The university will provide regular updates for colleagues and will do everything possible to safeguard the wellbeing of everyone across our community.”
The University of Glasgow is the latest higher education institution in Scotland to announce cost-cutting measures amid financial challenges affecting the sector.
Earlier this week, the University of Aberdeen approved a three-year restructuring plan that will reduce its 12 academic schools to four faculties following a separate £10 million savings programme that could result in the loss of more than 100 jobs.
The University of Edinburgh has also been implementing significant cost reductions after announcing plans to cut £140 million from its budget, while the Scottish Government recently provided £40 million in emergency funding to support Dundee University through a financial crisis.
Other institutions, including Heriot-Watt University and the University of Strathclyde, have also announced job cuts or faced industrial action over proposed cost-saving measures in recent months.