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Dear colleagues in #cdnpse #onpse: some thoughts on the decimation of Laurentian University & what it means for the future of #highered. A thread, even with a few bad joke attempts.💔 1
#FundLU #HumansofLU #SaveLaurentian #OnPoli #cdnpoli
#FundLU #HumansofLU #SaveLaurentian #OnPoli #cdnpoli
The story: LU filed for creditor protection in Feb, via the Companies’ Creditors Arrangement Act—CCAA. Doing it this way bypasses annoying collective agreements.🤯 Decisions about massive restructuring are instead made by judges & a court-appointed monitor, here Ernst & Young. 2
The fallout: yesterday 110 faculty members terminated; 60 programs axed, mostly in Arts. But most PSE jobs are staff. The impact on Sudbury and the northern Ontario region is hard to calculate. LU provided essential services & training; it was a foundation of the local economy. 3
Toronto Start Editiorial: "Getting research grants to study wildlife in Algonquin Park, permafrost near Hudson Bay or homelessness in northwestern Ontario can’t be easy for professors and graduate students in the first place." #onpse @ocufa @CAUT_ACPPU
bit.ly/3ceOOuF
bit.ly/3ceOOuF
"To then find out that those funds have been misappropriated by their university to pay its own bills is a crushing betrayal."
"Laurentian University applied for credit protection last month and staff and students have learned that the university co-mingled research grants with general revenues. And the Sudbury institution was so broke it used that research money to pay salaries and keep the lights on."
Now that President Hache understands the harm that the Insolvency process can do to the community, he should join us in calling on Minister Romano to provide stable, long-term funding to stop this needless and inappropriate insolvency process" (a thread...) #onpse @ocufa #onpoli 
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Pres. Hache chose to use a process aimed at the private sector. The "CCAA" is a federal law aimed at salvaging profit-making industries. And it's a last-ditch effort that few businesses choose...
Pres. Hache chose to use a process aimed at the private sector. The "CCAA" is a federal law aimed at salvaging profit-making industries. And it's a last-ditch effort that few businesses choose...
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In fact, in the corporate sector, it's much more common to do what Air Canada recently did: they were bailed out by the federal government to the tune of a $7 billion loan at 1% (bit.ly/2O4zZCD) ...
In fact, in the corporate sector, it's much more common to do what Air Canada recently did: they were bailed out by the federal government to the tune of a $7 billion loan at 1% (bit.ly/2O4zZCD) ...
So administration at Laurentian University used Tri-Council research funds to pay the bills.
This is happens after decades of systemic underfunding of public education and @fordnation @RossRomanoSSM say it has nothing to do with them.
I have some thoughts. A thread.
This is happens after decades of systemic underfunding of public education and @fordnation @RossRomanoSSM say it has nothing to do with them.
I have some thoughts. A thread.
Ross Romano @RossRomanoSSM, Minister of Training, Colleges, and University, knew about the financial issues at @LaurentianU MONTHS go. Did not then and is doing nothing now.
FIVE of LU’s board members are appointed by the provincial government.
This didn’t come out of nowhere.
FIVE of LU’s board members are appointed by the provincial government.
This didn’t come out of nowhere.
“BUT DEREK IT’S BECAUSE PROFS LIKE YOU MAKE SO MUCH MONEY!!!”
Sure, I’ll concede some profs have great, well-paying, secure jobs. But you seem to be missing something here:
Sure, I’ll concede some profs have great, well-paying, secure jobs. But you seem to be missing something here:
