Thames Valley University (TVU) has announced it needs to make a “real and immediate” reduction in staff costs leading to a major programme of job cuts, it has been reported.
The organisation is looking to save £1.3m from the university’s budget, due to the government’s funding cutbacks, according to the Reading Chronicle.
TVU head of communications Nicola Miller said: “A thorough review of costs, courses and portfolios has been carried out and TVU now needs to make a real and immediate reduction in staff costs as a direct result of the funding cuts, in addition to the careful and continuing management of non-staff costs.”
The redundancies will take effect by the end of July, although it is not clear yet how many there will be. Consultations with unions are ongoing.
Ian Tunbridge, deputy vice-chancellor and acting principal, said: “It is regrettable that we have been forced to look at a redundancy programme at this time due to funding cuts across the further education sector. There is never a good time to make this type of announcement; however, it is crucial that savings are made as quickly as possible to ensure the future sustainability of the college.”