Guelph aiming for $48 million in budget cuts

Nearly 122 staff and 68 faculty members at the University of Guelph have accepted voluntary departure packages, which will save the institution about $20 million a year. The university has identified an additional $10 million in operating cuts and is looking for another $18 million in savings. It recently decided to eliminate the women’s studies program and the organic agriculture major due to poor enrolments. Guelph was already struggling with a $16-million structural deficit. In 2008, the university’s pension and endowment funds dropped 9% in value.

• Guelph Mercury, March 20 and March 31
• Guelph budget update