Third level institution with 500 staff and 5,000 students has been running deficits in recent years
A sustainability plan prepared by consulting firm Mazars proposes cutting staff numbers if pay savings are not achieved at Dundalk Institute of Technology
The Irish Times understands that a sustainability plan, prepared by consulting firm Mazars and adopted by the institute, proposes cutting staff numbers if pay cost savings are not achieved. In a statement, DKIT confirmed that “alternative measures” such as voluntary redundancies or early retirements are outlined in the plan, but only if other pay cost savings are not archived.
DKIT reported a lower deficit than forecasted for the year ended August 2022 of €1.2 million. Draft financial statements for the year ended August 2023 suggest a deficit of approximately €1.5 million has been incurred. It also says there were challenges engaging students with their studies and this resulted in lower than expected progression rates from one year of study to the next.
Concern has been expressed in the past year by unions over the strategic direction of DKIT and claims that it has been “left behind” in the move to create technological universities.
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