Indian Magazine in Melbourne Australian indian magazine in Sydney indian community magazine in melbourne Indian Newspaper Magazine in Melbourne Indian Magazine in Sydney Bollywood News Magazine Australian indian News in melbourne Image Image Image

Made in India Magazine | September 18, 2021

Why Choose Us We Are An Audited Publication. Advertise With Us.

Select a Page
Scroll to top


Education Industry is feeling the Coronavirus heat, as 450 jobs are cut at the University of Melbourne

Education Industry is feeling the Coronavirus heat, as 450 jobs are cut at the University of Melbourne

| On 14, Aug 2020

The University of Melbourne, one of the world’s top five universities and part of the prestigious Group of Eight, has lost nearly $1 billion during the pandemic and is now cutting 450 jobs in a bid to protect the institution’s finances. This is in line with other universities all across Australia and the globe, which are struggling to persuade students to begin higher education amidst Coronavirus fears.

Like many institutions, The University of Melbourne relies on overseas students for a considerable portion of their revenue. Estimates show that 41 per cent of the entire university’s cohort were from overseas last year, a number that has dropped off so drastically that the prestigious university is facing a loss of $50 million this year.

The University of New South Wales cut 493 jobs in mid-July, followed by Monash University which cut 277 personell. Later on that month the University of New England came under heavy criticism for their handling of financial cuts, with up to 210 staff poised to lose their jobs.

To retain staff, the University of Melbourne proposed a 2 per cent pay reduction and asked staff to vote on the subject. The proposal was ultimately refused, forcing the university to take more drastic action.

Vice-Chancellor Duncan Maskell said that the decision was an “extremely difficult” one, stating that it is wholly in response to “reduced student enrolment, reduced research income and commercial revenue”.

Maskell then went on to clarify that the cuts were a last resort.

There isn’t an educational institution that isn’t currently struggling, due to such massive demand for overseas students.

This crushing blow comes not long after the University of Melbourne became embroiled in a dispute over the pay of its academics. Four different faculties at the institution demanded millions of dollars be repaid, to rectify chronically underpaid wages and poor management. Academics were previously forced to accept reduced rates due to many tutorials being classed as “practice classes”, seemingly for the sole intention of reducing pay.

The pandemic is a grievous time for the University of Melbourne, and higher education the world over. Maskell states that “it affects many dedicated and hard-working staff members who have worked tirelessly for the University, especially over the last six months, some of whom will leave us by the end of the year.”

You may also like:

A Chronology of Afghan Conflict – Afghanistan’s Bloody History

Our Olympic Heroes

Brisbane confirmed as the host of 2032 Olympics and Paralympic Games

The Legacy Of Veteran Actor Dileep Kumar

Travel Restrictions Crushing Dreams

Visa Applications For Indian Parents Increase By 30% Percent

    Enquire About Advertising With Us

    Read previous post:
    get help with your finances
    How to get help with your finances during the pandemic

    All around the world, people are feeling the financial effects of COVID-19, and in Victoria, restrictions are being tightened even...