McGill University is planning cost cuts and layoffs to address a projected $45-million deficit next fiscal year, which it blames partly on new Quebec government policies.
The Montreal university says it also wants to eliminate projected deficits of $16 million and $14 million in the following two fiscal years.
The university says in a statement that it plans to suspend or downsize some activities and reduce faculty and staff through attrition and layoffs.
It is also launching a new initiative called Horizon McGill to improve administrative efficiency and program delivery.
McGill says it bears “partial responsibility” for the situation because its operating expenses are growing faster than revenues….