Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


Forums › Off topic › Canterbury University is in "serious troubLe"


Mad Scientist
19319 posts

Uber Geek
+1 received by user: 2527

Trusted
Lifetime subscriber

Topic # 114698 27-Feb-2013 23:26
Send private message

http://www.stuff.co.nz/national/education/8360311/Canterbury-University-posts-67m-deficit

How do people run things? I know there was the earthquake ... Anyone knows how the student numbers changed to account for this?




Swype on iOS is detrimental to accurate typing. Apologies in advance.

Create new topic
676 posts

Ultimate Geek
+1 received by user: 104

Subscriber

  Reply # 771412 28-Feb-2013 07:47
Send private message

I recall when Rod Carr first started he got tough with students who were perhaps not academically focused enough by booting them out if they didn't perform. Not sure how many students actually left through that but I guess after the earthquake you at least lose interest from foreign students.

1710 posts

Uber Geek
+1 received by user: 169

Trusted

  Reply # 771425 28-Feb-2013 08:14
Send private message

It isn't really that bad - they have taken a major hit in the pocket due to the earthquake (the bulk of the deficit) - after all if they hadn't spent that money then they could not be open for business, and at the end of the day if it wasn't picked up by insurers then I would expect it to be picked up by the government (which is what I hope will still happen)...

And the rest of it was from another one off depreciation.

Your comments almost suggest you read the headline and nothing else! Read the article - it is all justified in there.

The University is a large business, it will have lost a lot of students (hence income), it will have incurred massive extra costs to keep running - to relocate classes and make repairs, it is likely to have lost staff in record numbers either through attrition or through redundancy where dropping student numbers justified it. None of these things (except for the redundancies) were really able to be controlled by them.

It is now going through a phase of rebuilding the student numbers back up but it will take time.

Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Updates »

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.