Soas to slash budgets and staff as debt crisis worsens in pandemic

Exclusive: fears of takeover after auditors question whether London-based institution can continueSoas survived the end of empire but can it recover this time?Soas University of London is being forced to slash budgets and prepare significant staff cuts after being caught in a financial crisis hastened by the coronavirus pandemic, the Guardian can reveal.Staff say they fear that management is cutting costs to make the college, formerly called the School of Oriental and African Studies, a palatable takeover target for an overseas institution or one of its London rivals, as the latest financial figures show that it to be carrying multi-million pound deficits and risks running out of cash next year. Continue reading…
Via: Soas to slash budgets and staff as debt crisis worsens in pandemic