In a letter declining a $12 million financial lifeline offered by the Ministry of Colleges and Universities Robert Haché outlined why using the Companies’ Creditors Arrangement Act was the best path for the school to take.
Laurentian University turned to the courts for creditor protection as a way to axe faculty jobs and departments while avoiding pushback from the union as well as paying out what was owed to professors in severance, newly released documents indicate.
Haché, in the Jan. 25, 2021 letter, said the grant from the province was not enough to cover all of the financial obligations the Sudbury school faced and could open up the board to liability. Without creditor protection, the letter said in part, it would be difficult to downsize faculty — which he estimated at 120 full-time employees — and reduce academic programs from 171 to 136.
The association said “the unsealed documents confirm that the university administration was intent on ramming through cuts and circumventing LUFA and the democratically elected university senate in the process.
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