Three colleges have announced further operational changes to address deficits and improve their financial sustainability. Camosun College reportedly needs to cut up to $9M from its budget after seeing its international enrolment drop by 60% over two years. Camosun President Lane Trotter said that the college is working with unions to explore options such as early retirements and is treating layoffs as “a last resort.” Canadore College has issued voluntary retirement packages to staff as part of its effort to find $20M in savings. The College of New Caledonia is shuttering its Fort St James campus, with operations ceasing at the end of March. CBC reports that the college is facing an $8M revenue shortfall and has already cut several programs.
