Staff at StFX Coady Institute brace for layoffs

February 10, 2019

CBC has learned that staff at St Francis Xavier University’s Coady Institute are bracing for layoffs. StFX VP of Finance Andrew Beckett told CBC that Coady is currently operating with a $700K annual deficit, while Mary Oxner, President of the StFX Faculty Association, said the institute’s employees were also told that the pending layoffs are due to a $7M shortfall, $4M of which consists of receivables that have not been collected. CBC reports that news of the layoffs is the latest of the 60-year-old Institute’s recent troubles. A former Finance Director was found guilty of fraud in 2018, while staff have reportedly complained of an environment of “intimidation” and “fear” over the last two years. CBC (NS)