The work by Ian Marshman and Frank Larkins, honorary fellows of the Melbourne Centre for the Study of Higher Education, was released last week and paints a dire picture for some universities which do not have sufficient cash reserves to weather a prolonged downturn. “It’s too important an institution to have coronavirus undermine what is a very important future,” Andrews told reporters. The Victorian premier, Daniel Andrews, said he was “concerned” and would look at other measures Victoria could provide to the universities sector, which has been largely excluded from jobkeeper. Staff are due to vote on the proposal on 15-16 June. Under a job protection framework drafted with the tertiary education union, La Trobe is also asking ask staff to agree to a 10% pay cut, with the first $30,000 of their salary excluded. It is also taking steps to find cost savings and balance its books in the longer term, including a voluntary redundancy program expected to save $20m in 2020 and $40m each year in 20. ![]() ![]() ![]() The university said it was in “productive and on-going discussions” with its three banks on increasing its access to money, which it believes will meet its funding needs in the short term.
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