Ontario’s Auditor-General says Laurentian University could have done more to seek financial help from the government. Opting for creditor protection allowed Laurentian to bypass collective agreement provisions
Ontario’s auditor general says a northern university that filed for creditor protection last year could have avoided that move, which led to huge program and job cuts.
She writes that the university raised the potential filing in August 2020 to the minister of colleges and universities, but didn’t explicitly say how much money was needed to avoid insolvency. She also says opting for creditor protection allowed Laurentian to bypass collective agreement provisions and “effectively terminate” more senior employees and some long-standing grievances.