UWO urged to defer capital projects before considering layoffs

March 4, 2009

At a town hall-style meeting on Tuesday, over 500 University of Western Ontario employees and students took aim at administration and its plan to address a shortfall predicted to hit $41 million by 2011. Several speakers at the meeting said that instead of looking at layoffs, the university should defer capital projects and borrow money. "Let's protect the human capital before the bricks and mortar capital." Others were critical of the university's investment practices; the school has seen significant losses in both its endowed and non-endowed funds. Units at the university are being asked to trim their budgets by 5.5% in each of the next 2 years. UWO Budget Update | London Free Press