Link to this page: http://www.socialistparty.org.uk/issue/583/7434
From The Socialist newspaper, 10 June 2009
No to cuts at Kings
JOB LOSSES, previously mainly hitting the ex-polytechnic universities, are starting to threaten older universities. Jon Redford reports from Kings College London, which has announced "substantial cost cuts" with "job losses probable".
SO FAR, staff posts in Information Retrieval are to be cut by half and downgraded. Course and even department cuts have also been announced. The engineering department is likely to close down at the end of 2010, with the final decision due soon.
Students are angry that this was announced without any consultation. What value will a degree be from an ex-department? The department is still making a profit, but it seems not to attract enough research investment.
Kings plans to focus on 'profitable' areas such as Medicine, hoping to attract more funding from pharmaceutical companies in particular. Marketisation of education means that those areas that cannot attract enough research investment from big business will be deemed unviable, regardless of the benefit it produces for students, staff and society.
The plans have not been completely revealed yet. Principal Rick Trainor's emails to staff in April failed to show the need for cuts. He claims a deficit of £14 million a year out of revenues of £450 million, despite reserves and endowments of £260 million and a recent upgrade in the university's financial status by accountancy firm Standard and Poor from 'AA-' to 'AA'.
Trainor supports raising the cap on tuition fees to fill in the funding gap. The government is starving higher education of funding, creating a self-fulfilling prophecy where shortfalls must be made up through student contributions.
The only way to stop this is for staff and students to fight back, to reject the management's arguments. Why should the cuts come from the bottom of the ladder?
The Principal and his team will have their wages frozen for 2009-2010, but workers will face unemployment, cuts across higher education and greater pressure at work with reduced salary for those who keep their jobs. Staff and students have set up a No Cuts At Kings campaign.
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In The Socialist 10 June 2009:
Step up the fight for a new workers' party
A socialist MEP Joe Higgins elected in Ireland
'The best fighter that money can't buy'
STOP PRESS: BNP feel the anger
Socialist Party election campaign analysis
No2EU: a step towards a workers' political voice
Socialist Party workplace news
Reinstate Rob Williams now! Support Linamar strikers
London Underground: Solidarity with strike over jobs and pay
Glasgow council street cleaners start workers' fightback
Bristol bins strike threat brings new conditions offer
Unison NEC elections bring gains for Socialist Party
Engineering construction workers ballot: End 'race to the bottom'
Socialist Party publication
The Masses Arise: The French revolution and today's struggles
International socialist news and analysis
European parliament elections 2009: Europe on the edge
General strike in Basque country
Brazil: "Liberty, Socialism and Revolution" is born
Youth fight for jobs
CWU conference backs Youth Fight for Jobs campaign
Liverpool Community College strike
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