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Liverpool School of Tropical Medicine considers redundancies amid £8m savings target
Overview
The Liverpool School of Tropical Medicine (LSTM) is considering potential redundancies as it seeks to make savings of approximately £8m this financial year, with similar reductions planned for the following two years. The University and College Union (UCU) has expressed concern over the plans and urged management to be more transparent, while LSTM stated it is facing significant financial challenges and will consult fully with staff and trade unions.
Key points
- The Liverpool School of Tropical Medicine (LSTM) is seeking savings of about £8m this financial year, with equivalent savings planned for the next two years.
- The University and College Union (UCU) stated that a voluntary severance process has taken place and significant redundancies are now being considered.
- LSTM acknowledged it faces difficult decisions and potential redundancies due to significant financial challenges affecting universities.
- The UCU warned that cuts could negatively impact students, the student experience, and vital regional research capacity.
- LSTM stated it is committed to consulting fully with staff and working with three trade unions before final decisions are made.