We oppose @GoldsmithsUoL SMT’s planned handover of key financial decisions to the banks and the £4m of job cuts that will follow #StopTheSellOut 1/9 
SMT is negotiating a £5-7m overdraft (“revolving credit facility”) with the banks, brokered by corporate accountants and consultants #StopTheSellOut 2/9
The deal would involve @GoldsmithsUoL putting up millions of pounds of its property as collateral, and allowing these private bodies to dictate terms to a public institution #StopTheSellOut 3/9
An anonymous banker describes the arrangement as a “pretty sweet deal” for the banks and a bad one for Goldsmiths #StopTheSellOut 4/9
SMT wants a “partnership” with the banks, but ignores its own far more important responsibilities to its own staff #StopTheSellOut 5/9
SMT’s budget seeks to turn a £14m deficit into a £1m surplus within one year, and make £4m of job cuts in the process. This is cutting far too deep, far too fast. #StopTheSellOut 6/9
Staff on both permanent and temporary contracts, and students who we support and teach, will pay the price #StopTheSellOut 7/9
By Sep 6 2021 we call on SMT to:
Halt the job cuts
Abandon plans for the revolving credit facility
Work with unions, departments, other staff bodies, the SU to produce a new plan to reduce the deficit while safeguarding jobs + student learning conditions #StopTheSellOut 8/9
Halt the job cuts
Abandon plans for the revolving credit facility
Work with unions, departments, other staff bodies, the SU to produce a new plan to reduce the deficit while safeguarding jobs + student learning conditions #StopTheSellOut 8/9
Should SMT fail to take these steps, we pledge our full support for campaigns and actions to stop these cuts #StopTheSellOut 9/9
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