UWI feeling economic strain
As the University of the West Indies struggles with the effects of the economic downturn, the St Augustine campus management is stressing that intention at this time is not layoffs but rather to focus on efficiencies and quality.
A release from the University says that the current economic downturn that is affecting organisations, institutions and individuals region-wide has not spared The University of the West Indies’ St. Augustine Campus.
The campus has however been preparing for lean times for over two years now, said the release.
The Campus Management has been meeting with key stakeholders including the Government of the Republic of Trinidad and Tobago (GORTT), staff members, recognised Unions, contractors and students through the Guild of Students to stress the need for more efficient and innovative in operations."
"Some income generating and cost-cutting measures include curbing non-essential and travel expenditure, energy efficiency and leveraging digital technology solutions. The University has also invited suggestions from the campus community and explained that the intention at this time is not layoffs but rather to focus on efficiencies and quality," the release said.
“The downturn is affecting higher education institutions worldwide. In fact, international rating agency Moody’s moved their rating of the global higher education industry from stable to negative, while Standard & Poor’s suggest a bleak outlook for higher education globally in 2018. Mindful of this disruption in higher education, we understand that it is not business as usual. We will continue to focus on innovating in all aspects of operations including academic programme restructuring and delivery, even as we put measures in place to treat with the economic downturn that all local organisations are grappling with. Our sister campuses have faced these economic hurdles before and have survived and I am sure that we too will survive," said Campus Principal Professor Brian Copeland.