Tuesday, February 10, 2009

McGill University Grapples With Financial Fallout Of Global Crisis

A shot of the Arts building right after the main entrance. (Image from McGill University)

From The CBC:

Montreal's McGill University has to cut costs to cope with the current recession, principal Heather Munroe-Blum says.

The university has already decided to reduce executive salaries and will review its spending to identify areas where more cuts could be made, she said.

McGill has been struggling to deal with a $10-million deficit in the face of rising expenditures, due in part to salary demands from its teaching and support staff, she said.

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