UWI to cut spending by 10% over next 2 years

    (Photo Credit: Sarah Chandoo/103.1FM)

    All UWI campuses and Regional Headquarters/Vice-Chancellery administration must cut expenditure by 10% over the next two years.

    This is part of UWI’s “Ten in Two Strategy” approved by Vice-Chancellor Professor Sir Hilary Beckles during a recent two-day retreat.

    According to a release, UWI entities have been tasked with consolidating academic programmes, adopting a robust out-sourcing methodology that targets non-core expenditures, and diving deeper into the digital culture in search of cost reductions and savings.

    Simultaneously, the Vice-Chancellor requested that operational units increase top line revenue-generation by 10% over the same period, to achieve a UWI-wide savings of approximately US$30 million.

    UWI’s executive management also set five new targets to achieve over the next two years:

    1. Intensification of cross-campus planning to drive digital transformation
    2. Implementation of the University as a multi-lingual academy
    3. Consolidation of The UWI’s reputation as the global leader in climate action and advocacy
    4. Fast track strategies to develop the entrepreneurial culture across The UWI system and to cultivate “UWI Corporate” as an effective brand
    5. Establishment The UWI Global Online platform to offer programmes and courses internationally