WIT in serious financial difficulty

Ireland“The governing body and Director of Waterford Institute of Technology are currently under immense pressure to claw back a shortfall of over €5 million in their budget for 2009. Sources close to the college have confirmed in the last week alone, an EGM of the governing body took place, as efforts are made to find a solution to the massive deficit, which is due in part to a cut in funding. The Higher Education Authority (HEA), which is responsible for WIT and other colleges finances, have confirmed, ‘discussions are ongoing between the HEA and WIT as to its Budget for 2009’. ‘WIT cannot be permitted to operate at a deficit,’ the spokesperson also confirmed …” (more)

[Waterford News and Star, 24 March]

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