Even large research universities are feeling the cold economy. The University of Vermont is planning to lay off employees and freeze salaries in an attempt to reduce the $22 million budget deficit.
President Fogel reported that “multiple strategies will be used, including the permanent elimination of a number of positions,” and also said that the University would determine which positions or personnel will be cut around mid-January at the earliest.
Fogel also remarked that administrators have concluded that operating budgets for the upcoming year will not increase, and the deans and vice presidents will not receive any salary raises next year.
The faculty union expressed concern that the quality of education for students might decrease with layoffs and a planned enrollment increase. How many faculty members will be out of jobs is not known.