UCD to slash wage bill as debt spirals out of control

“University College, Dublin, is seeking massive cuts in its pay bill as it struggles to avoid piling a further €20m onto its unprecedented current budget deficit of €15m. The UCD cuts were unveiled yesterday as it emerged that 300 professors in the university sector, including UCD, are to enjoy backdated pay rises of €10,000 each a year, recommended two years ago and delayed because of questions over unauthorised allowances paid to some academics. In the latest moves, there will be no enforced job losses, but savings will be sought through a variety of measures …” (more)

[Katherine Donnelly, Independent, 30 January]

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