A presentation of findings from a chartered accountant, who has been hired by unions to conduct an independent financial health check of Bangor University, will be held on Friday 18 January.
The analysis will be of financial statements from Bangor University (between 2012/13-2017/18) by Andy Green, from THP Chartered Accountants. Having inspected the university’s annual financial statements he will determine how the university has arrived at its current financial position and provide an opinion on what he believes the current position actually is.
Members of 3 Trade Unions (Unite, Unison, UCU) and representatives of Bangor Student Union are invited to attend the meeting which will be held will be held from 12-2pm in Pontio PL5 – Please note this is not an open meeting
Bangor University has announced it needs to make £5 million savings this year and is looking at a potential loss of 122 posts over the next 3 years and the closure of the Chemistry department.
The briefing will also examine the negative impact of staff cuts on students and the local community and economy will be detailed.
A student protest will also be held on Friday and local politicians are expected to meet with staff to discuss the current crisis.
The interim Vice-Chancellor of Bangor University, Professor Graham Upton, has recently confirmed that he will press ahead with the ‘restructuring exercise’ which he sees as an ‘essential step’ in ensuring the short and long-term sustainability of the university.
Financial Health Check of Bangor University
· Hosted by UCU Prifysgol Bangor / Bangor University UCU
Friday, 18 January 2019 from 12:00-14:00
Please note this is not an open meeting