Loyalist College recently released its annual report and shared several updates on its financial status and adaptations. The Belleville Intelligencer reports that the college has confirmed that 36 full-time faculty positions have been cut, but there are no further program suspensions at this time. 91X FM and Quinte News report that the Government of Ontario has offered Loyalist a $25M emergency loan, which would be subject to certain conditions. Kirkpatrick issued a statement to indicate that financial statements did not reflect measures taken to strengthen the college’s financial position and that the college is confident in its near and long-term future.
Loyalist (PDF)
| 91X FM
| Belleville Intelligencer
| InQuinte
| Quinte News (Layoffs)
| Quinte News (Loan)