Major cuts in Government funding are forcing Warwickshire College to find at least £3 million of savings.
Staff at the college - which employs more than 1,700 staff and works with more than 20,000 students - has admitted that it is in financial difficulty and job losses will be inevitable. As well as its campus in Technology Drive, Rugby, it has centres in Leamington, Henley-in-Arden, Moreton Morrell and Pershore, Worcestershire.
The cuts come after the Government reduced its funding to the college by £10.6 million, as well as a further £1 million destined for adult courses.
And after enrolling large numbers of students in September last year, some £1.6 million extra funding was expected, but this will now be reduced to £600,000.
Principal and chief executive Mariane Cavalli said: “These cuts were unexpected and only confirmed in the last three weeks, giving us no choice but to make very difficult decisions to balance the books next year.
“The employers and business partners with whom we work will understand that we have had to make some rapid and difficult choices in order for us to maintain our financial viability and continue to be able to serve our communities.”
But Ms Cavalli said she was confident that by remodelling services, the college, which has been rated as ‘outstanding’ by Ofsted, would be able to maintain high standards.
She told staff that the cuts would result in “inevitable and unavoidable” job losses across the college.
Employees have also been asked to consider taking pay cuts and suggests money-saving ideas.
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