The University of Kent is looking to save 拢19.5 million by opening a voluntary redundancy scheme, marking a successive year of cost-cutting at the institution.
In an all-staff email seen by the聽糖心Vlog,聽Kent says the voluntary redundancy scheme will run until 16 February, by which time it hopes to have achieved the desired savings.聽
The cuts come on top of significant staff and course closures seen last year at the university, when聽dozens of academic posts were put at risk of redundancy, with the university announcing it would be closing its courses in art history, anthropology, health and social care, journalism, music and audio technology, philosophy and religious studies.聽
The email outlines that 鈥渓ike many other universities鈥 Kent suffered from a shortfall in international recruitment, which was down by 16 per cent this year, and a 鈥渇undamental shift in competitiveness鈥 for domestic students.聽
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It continues: 鈥淭his has a knock-on effect on our income and while we had anticipated this and put measures in place to control costs, the impact of both reduced fee and associated income is far beyond what we can cover without taking steps to address the shortfall.鈥
Kent says it further plans to hit its saving targets, which it hopes to achieve in three weeks鈥 time, by not filling vacant roles.
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A Kent spokesperson said that the 鈥渟hort-life voluntary severance scheme鈥 aimed to 鈥渟upport with necessary pay cost savings this year鈥.
鈥淭his is in response to a sector-wide fall in international recruitment across the UK, with increased competition for home students as a result,鈥 they said.
鈥淲e remain on track with ambitious changes being introduced from September to better meet student and employer needs, including a revised curriculum, new academic year structure and increased employability and industry links built into our courses.鈥
In its most recently published聽financial statements,聽for 2022-23, Kent reported a 鈥渟ignificant鈥 underlying deficit of just over 拢12 million, and warned that this could spiral to 拢31 million in 2023-24.
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Kent鈥檚 vice-chancellor, Karen Cox, stepped down in May last year.
The cuts come as a further blow to the Kent region,聽with Canterbury Christ Church University also announcing it was looking to make 鈥減re-emptive鈥 savings聽of 拢20 million, equating to hundreds of full-time equivalent roles.
This week Newcastle University announced that around聽300 roles were at risk聽after a shortfall against projected international student recruitment left it with a 拢35 million hole in its budget.
One vice-chancellor has estimated that job losses across the UK sector could hit 10,000 this year.
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However, early indications suggest that this year鈥檚 January international recruitment window may prove brighter for universities,聽with one dataset suggesting that there has been an increase in the number of overseas students聽entering the UK to start courses in January.
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