Open University jobs at risk in £100m 'root and branch' overhaul
Staff at the Open University are preparing for job losses as part of a radical overhaul to try to secure the institution’s financial future.
The OU vice-chancellor, Peter Horrocks, told staff on Tuesday that a “root and branch review” of every aspect of the university’s operations was being launched to achieve savings of £100m from the annual budget of £420m, the bulk of which would be invested in a digital transformation programme.
He refused to say how many redundancies there would be but acknowledged that the scale of the changes would affect staff because they make up two-thirds of the OU’s operating costs.
“Inevitably there will need to be redundancies,” he told the Guardian. “There’s no hiding away from that. We will attempt to redeploy staff wherever possible.”