October 1, 2020
These have been challenging times for 51ÎÛÂþ. 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.
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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.
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Given the importance of the challenges before us, 51ÎÛÂþ 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.?
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We continue to provide our students with an exceptional University experience and maintain Laurentian as a leading university in Ontario¡¯s north.