Sheffield Hallam University is offering voluntary redundancy to around 1,700 academic staff, in a bid to cut rising costs.
It is understood that Deputy Vice Chancellor Professor David Shepherd sent an email to all academic staff across the university yesterday morning, informing them of the voluntary severance scheme.
Sheffield Hallam University has said that the scheme, which is open to all academic staff and will run until January 2024, aims to reduce the financial ‘challenges’ that the university is currently facing.
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A spokesperson for Sheffield Hallam University said: “Sheffield Hallam is one of the largest and most popular universities in the country, yet like many universities across the sector we are experiencing financial challenges due to a combination of increasing costs associated with inflation, rising pension costs, and a flat undergraduate fee.
“These combined pressures mean that we must take steps to reduce our costs
through careful financial management as part of a plan to remain financially stable in the future.
“One element of this is a Voluntary Severance Scheme for academic staff which will run in January 2024. In line with normal practice, Trade Unions have been made fully aware of the details of the scheme.”
It is also understood that those who wish to take voluntary severance will receive a payment based on ten times their gross monthly earnings.
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