Treasurer Josh Frydenberg has revealed the largest budget deficit in 70 years and an unemployment rate set to peak at 9.25 per cent by December. But that’s not news to Australia’s tertiary education sector.
It’s already on thin ice.
In the video above, Central News’ Student Editor Daniella Scotti, discusses the impact of COVID-19 with 2019 Young Economist of the Year and Head of UNSW’s School of Economics Gigi Foster; UTS Vice-Chancellor and President Attila Brungs; and Professor Emeritus and Former Deputy Vice Chancellor of the University of Melbourne Frank Larkins.
Those with the most to lose in the sector’s financial restructure are staff.
Uni Job Cuts
Universities across Australia are now engaged in daily crisis meetings, budget reviews and cost cutting – in the hope of recovering from this catastrophic loss of international student revenue.