We are hopeful that the restructuring, although a difficult chapter in Laurentian’s story, will result in a revitalized university that will not only survive, but thrive. Robert Hache, president of Laurentian, … Canadian public university Laurentian University filed for creditor protection this week – a move that will rock the country’s international education sector for years to come. It is as a community, with you as part of this journey, that we will bring forward a new Laurentian that celebrates and preserves much of the culture that has defined us: "The province needs to participate," he said. "Much work remains ahead of us. SUDBURY, Ont. We are hopeful the restructuring, although a difficult chapter in Laurentian’s story, will result in a revitalized university that will not only survive, but thrive. Sudbury, ON, Feb. 02, 2021 (GLOBE NEWSWIRE) -- The Laurentian University Faculty Association (LUFA) and Ontario Confederation of University Faculty Associations (OCUFA) are concerned to hear that Laurentian University is filing for court protection under the Companies' Creditors Arrangement due to financial challenges it is facing as a result of poorly considered and reckless administrative decisions and the erosion of public university … Protest over Laurentian crisis to target Sault MPP, minister Protestors wanting the provincial government to help Laurentian University will protest outside MPP Ross Romano’s office in Sault Ste. "Fundamentally, there are too many courses and programs taught by too many faculty for too few students," Miller said. In his submissions on behalf of LUFA, lawyer Charlie Sinclair argued the university was trying "to gut the collective agreement. But Miller countered that the province was there – a representative of the Attorney General's office was on the Zoom hearing. The college announced Monday it is filed for creditor safety. Of the 1,902 courses offered at the university, 162 have fewer than five students and 180 have between six and 10 students. In Ontario, Laurentian University is fighting to survive.” He’s right. Full statement: Laurentian Community Defining Forward Path Laurentian University’s dire financial straits are raising concerns that other publicly funded institutions may also be unable to survive the pandemic intact. Laurentian University is in creditor protection. Laurentian needs to "make some hard decisions" quickly, Miller said, which is why they need the court-appointed, neutral mediator empowered to make decisions about cutting programs and staff outside of the collective agreement with the Laurentian University Faculty Association (LUFA). CTV News Northern Ontario Digital Content Producer, Lawyers for Laurentian University and unions representing faculty sparred Wednesday over the role of the province in the school's ongoing insolvency crisis. "It's a brand new announcement and it's a lot of information to take in all at once and we don't quite know the repercussions and the implication it has for the entire Laurentian community," he said. We are hopeful that the restructuring, although a difficult chapter in Laurentian’s story, will result in a revitalized university that will not only survive, but thrive. Box 500 Station A Toronto, ON Canada, M5W 1E6. It's not to end things and just stop things from continuing.". Ernst and Young appointed to monitor Laurentian's re-structuring is referring inquiries to court documents posted at laurentianu.info. Program, faculty cuts needed for Laurentian University to survive, court hears. The university's faculty association, along with the Ontario Confederation of University Faculty Associations, put out a statement yesterday, saying the university has had a secretive approach to making important financial decisions, and has not properly consulted. "It is designed to help the company improve it's financial condition and continue. It is as a community that we will bring forward a new Laurentian,” concludes Haché. I can't even fathom it, to be honest with you, how it got to that point.". He argued faculty isn't responsible for the financial mess and it shouldn't be on them to fix it. A licenced insolvency trustee in Sudbury says Laurentian University has a good chance at successfully restructuring and surviving its financial challenges. Marie on Thursday. Laurentian University in Sudbury, Ont. He says it shouldn't be confused with bankruptcy proceedings. For just a bit here…I want to tell you why I love Laurentian University…and why I know we need to fight for it. John Lappa/Sudbury Star/Postmedia Network Article content. I grew up at Laurentian. Laurentian University may survive its financial challenges, insolvency trustee says. Professors at the school have tenure and other rights that would be impacted if the collective agreement was suspended. Comments on this story are moderated according to our Submission Guidelines. Miller said of LU's 132 programs, 83 per cent of students are enrolled in the top 50 programs. Pseudonyms will no longer be permitted. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). According to court documents filed by the university, it would not have been able to continue operations through to the end of the month — and make payroll — without court intervention. It is as a community that we will bring forward a new Laurentian,” concludes Haché. Much work remains ahead of us. Haché detailed in his statement that a number of factors have played a role in its financial challenges — including recurring deficits, changing demographics in northern Ontario, closing the school's Barrie campus in 2019, and a tuition reduction and freeze that same year. A licenced insolvency trustee in Sudbury says Laurentian University should have a good chance at successfully restructuring and surviving it's financial challenges. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Global News Alberta post-secondary institutions react to budget cuts One day after the provincial budget was tabled, university officials and students in Alberta are voicing their concerns over a reduced operating budget. Nathan Sugeng says, more often than not, companies that go through this process are able to restructure, and continue on. After four hours of hearings, Ontario Supreme Court Chief Justice G.B. “Much work remains ahead of us. And this is an insolvency process unlike any other, Sinclair said, since it's not a private business but a publicly funded institution. "This is not a political process," Miller said. It is as a community that we will bring forward a new Laurentian. Laurentian University files for creditor protection, Concerned about Laurentian University? The Catholic University of Sudbury pre-dates Laurentian by a few decades, and when Sudbury first started agitating for a publicly-funded university it was the leading candidate to take over. “This could be the canary in the coal mine,” a Progressive Conservative insider warned Thursday. Use of this Website assumes acceptance of Terms & Conditions and Privacy Policy, CTV News Northern Ontario Digital Content Producer, Published Wednesday, February 10, 2021 3:49PM EST, Laurentian was about to run out of money to pay salaries before filing for creditor protection, Students, faculty, worried after Laurentian University files for creditor protection, Laurentian University files for creditor protection, Spring break activities will be hard to find, Laurentian University reeling after massive cuts, An original song tonight from Manitoulin Island, Spring a great time to buy a cooling system, Sudbury private college aims to train much-needed skilled tradespeople, Mathematics, physics, music among dozens of program cuts at Laurentian university, Sadness, anger greets news of program, staffing cuts at Laurentian University, North Bay parents speak out for disabled son who’s been ‘skipped over’ in vaccine rollout, Sudbury's health unit reports 41 new COVID cases Monday, Ontario schools closing to in-person learning indefinitely as COVID-19 cases soar, Ontario sets record for new COVID-19 infections, Serial garbage dumper a headache in east London, Bradford targeted as a hot spot by Ontario, Pandemic drives demand at Sudbury foodbank, Prince Philip: Tributes from the Royal Family and more, This N.B. 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