UCD to slash wages as €35m deficit looms

“UCD university is seeking to slash its wage bill as it faces the prospect of a €35m current budget deficit. Staff at the university yesterday heard that the proposed savings include a possible pay cut, reduced hours, a recruitment freeze and the non-payment of bonuses. While no enforced job losses are envisaged, the institution may seek early retirements and leaves of absence. UCD is desperate to avoid piling another €20m onto its current budget deficit of €15m …” (more)

[Cormac Murphy, Herald, 30 January]

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