The university sector is undergoing significant challenges due to COVID 19 and the subsequent loss of international students and without the support of Jobkeeper. Since this time last year over 17,000 academic and professional staff (that’s 1 in 8) have either been forced into redundancy or chosen voluntary redundancy. The large casual workforce in universities have also lost their jobs but without the benefit of redundancy payments.
Macquarie University has, so far, only sought voluntary redundancies which has returned approximately $6M of savings but is committed to reducing staffing costs by $25.2 million in total. The VR scheme has been extended but forced redundancies are likely soon.