• Privacy Policy
  • Editorial Policy
  • Advertise with us
  • Contact us
Thursday, July 10, 2025
Glasgow Report
  • Home
  • World
  • News
  • Politics
  • Business
  • Sports
  • Technology
  • Entertainment
  • Health
  • Lifestyle
  • Science
  • Travel
No Result
View All Result
Glasgow Report
No Result
View All Result

University of Edinburgh spending more on capital expenditure this year than in the past decade according to union 

by Glasgow Report
in Business


THE University and College Union (UCU) have stated that University of Edinburgh  management is planning to spend more money on capital expenditure this year and next year compared to the past decade. 

This follows the news that 350 members of staff took voluntary severance offered by the university amid a troubling financial situation earlier this year. 

The UCU are currently balloting members, asking if they are willing to take part in strike action over the threat of compulsory redundancy and school cuts made by Principle Peter Mathieson. 

Members of staff have reported that managers have shown them graphs detailing capital spending for the next two years. 

The University of Edinburgh's McEwan Hall. (C) Google Maps.The University of Edinburgh's McEwan Hall. (C) Google Maps.
The University of Edinburgh’s McEwan Hall. (C) Google Maps.

UCU Edinburgh shared data collected by the Joint Unions Finance Working Group last week. 

They stated: “It is outrageous for management to be spending so much money on capital expenditure while claiming there is a crisis which may require mass redundancies.” 

A graph shows that whilst cash inflow from activities for next year is forecast to be less than £50m, outflow on capital expenditure is over £200m, which is more than the previous nine years. 

The UCU state that “all other things being equal, there would be good reason for the University to spend significant sums on capital expenditure” due to the increasing number of students and need for new classrooms and labs. 

However, given the “cash crisis” outlined by Principle Peter Mathieson, the UCU say: “We do not believe it is acceptable for management to be budgeting to spend more than ever before on capital expenditure—new buildings and the like—while planning for mass redundancies.  

 “We do not believe this is acceptable to staff, students, politicians, or the general public.  

“Savings should first come from scaling back capital expenditure, and, in the current situation, the capital expenditure should certainly not be growing.  

“Management should commit to ensuring job stability, including for staff on precarious contracts.” 

It has been confirmed that 350 staff at the university took voluntary severance offered by the university as they referenced an “urgent” crisis in the institution’s “financial sustainability”. 

Staff are currently balloting to decide on strike action regarding the management’s inability to rule out compulsory redundancies. 

The University of Edinburgh has been contacted for comment. 

Related



Source link

Previous Post

Donald Trump is confusing ‘seeking asylum’ with ‘insane asylum’ so Twitter threw the dictionary at him – 17 funniest and most brutal takedowns

Next Post

Edinburgh Council asks locals for opinions on affordable housing in the city 

Related Posts

Wave energy company secures £531k funding to propel clean tech

by Glasgow Report
July 3, 2025
0

A FEMALE-FOUNDED wave energy company has secured £531,000 funding to help scale development of new clean technology. Aberdeen-based Zoex’s funding...

Scottish SMEs favouring return to office as 80% see risk to viability

by Glasgow Report
June 26, 2025
0

A MAJORITY of small and medium-sized enterprises (SMEs) in Scotland favour a return to the office as over 80% believe...

Top Invoice Finance Providers in the UK for 2025

Top Invoice Finance Providers in the UK for 2025

by Clara White
June 24, 2025
0

In today's fast-paced business environment, maintaining healthy cash flow is crucial for companies of all sizes. For many UK businesses,...

Next Post

Edinburgh Council asks locals for opinions on affordable housing in the city 

  • Trending
  • Comments
  • Latest

Hindenburg Report on Adani Places Mr. Modi in Dilemma

February 10, 2023
Pandora’s Cube: A Mysterious Sum and a Sum of Mysteries

Pandora’s Cube: A Mysterious Sum and a Sum of Mysteries

May 19, 2023
A Brief on Kant’s Knowledge and Duty Reflections for “Glasgow Report”

A Brief on Kant’s Knowledge and Duty: Reflections for “Glasgow Report”

July 19, 2023
Dashcam footage shows impatient motorist yelling at driver in car park

Dashcam footage shows impatient motorist yelling at driver in car park

0
Social media users horrified by video of midges swarming hillwalker

Social media users horrified by video of midges swarming hillwalker

0
Scot horrified after finding poo-covered toilet brush in holiday apartment

Scot horrified after finding poo-covered toilet brush in holiday apartment

0

Edinburgh tennis courts open after £100k community-driven refurb

July 10, 2025

Edinburgh business owner creates walking group to combat loneliness 

July 10, 2025

Asexual wasps can support chem-free pest control, scientists say

July 10, 2025
Glasgow Report

Copyright © 2021 Glasgow Report.

Navigate Site

  • About
  • Advertise/Contribute
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Technology
  • Lifestyle
  • Health
  • Travel
  • Science
  • Real Estate
  • Press Release

Copyright © 2021 Glasgow Report.