As the impact of planned cuts in education budgets continues to sink in, Lappeenranta University of Technology (LUT) is the latest to announce sharp staff cutbacks. The institution in eastern Finland plans to let go 13 percent of its employees as it braces for a reduction in next year's budget.
The university estimated on Friday morning that 120 full time jobs will have to be eliminated, along with a few part-time positions.
Fifty-five people are being made redundant, with 51 fixed-term positions to be phased out. The payroll will be reduced by a further 14 person years through pension and part-time working arrangements.
Stubb blockaded at Helsinki U
LUT aims to slash personnel costs by 6.3 million euros, along with other cost-savings measures adding up to a total of 8.9 million.
The university, which has just under 7,000 students, lies some 250 kilometres north-east of Helsinki.
On Thursday evening, Finance Minister Alexander Stubb was blockaded by angry protestors when he arrived to make a speech at the University of Helsinki, which could face job cuts of up to 1200 over the next five years. Meanwhile Aalto University is shrinking its staff by some 350.
Meanwhile some 350 employees at various universities have signed a petition calling for a university strike to protest budget cuts.