Bow Valley College lays off 103 employees amid $15.6M budget shortfall
Bow Valley College cut 103 staffers due to a budget shortfall of $15.6 million triggered by a decline in international student enrolment.
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Another cause for the institution's predicament is federal funding reductions for programs, including the Language Instruction for Newcomers to Canada and the Foundational Learning Assistance Program.
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'The college had to find efficiencies and make difficult decisions,' a statement by the college read, adding that jobs slashed included 97 occupied positions and six vacant roles.
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'The college is committed to supporting its employees through these changes as we continue adapting to developments in the post-secondary landscape.'
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The pool of international students has been drying up as the federal government caps the flow of student permits to ease the pressure of a surging population.
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However, the prospect of fewer international students, who are charged three or four times the domestic tuition fees, has left post-secondary institutions reeling as they grapple with historic funding shortfalls from federal and provincial governments.
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Most recently, SAIT has confirmed its photojournalism major — one of the last programs of its kind in Canada — will be discontinued this year, thanks to a loss of international students.
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Bow Valley College lays off 103 employees amid $15.6M budget shortfall
Bow Valley College cut 103 staffers due to a budget shortfall of $15.6 million triggered by a decline in international student enrolment. Article content Article content Another cause for the institution's predicament is federal funding reductions for programs, including the Language Instruction for Newcomers to Canada and the Foundational Learning Assistance Program. Article content 'The college had to find efficiencies and make difficult decisions,' a statement by the college read, adding that jobs slashed included 97 occupied positions and six vacant roles. Article content Article content 'The college is committed to supporting its employees through these changes as we continue adapting to developments in the post-secondary landscape.' Article content Article content The pool of international students has been drying up as the federal government caps the flow of student permits to ease the pressure of a surging population. Article content However, the prospect of fewer international students, who are charged three or four times the domestic tuition fees, has left post-secondary institutions reeling as they grapple with historic funding shortfalls from federal and provincial governments. Article content Most recently, SAIT has confirmed its photojournalism major — one of the last programs of its kind in Canada — will be discontinued this year, thanks to a loss of international students. Article content
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