October 1, 2020
These have been challenging times for Laurentian University. We have worked hard as a community to address the financial challenges brought on by the global COVID-19 pandemic and our pre-existing structural deficit.
We have partnered with our community, government and our labour partners to find solutions for our $7M structural deficit as well as the additional $5-10M impact of the pandemic to date.
Given the importance of the challenges before us, Laurentian University has hired Ernst & Young to assist us in a further review of our detailed financial results, budgets and our various initiatives to help us identify and analyze any additional opportunities for cost savings or improvement.
We continue to provide our students with an exceptional University experience and maintain Laurentian as a leading university in Ontario’s north.