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Recently in 2009, about 70 full-time employees were laid off or retired early, and the Medical School froze salaries. Daniel G. Ennis—executive dean for administration who announced Friday that he will be leaving the University for a post at Johns Hopkins University??€”told The Globe that the Medical School expects to break even or come close during the fiscal year that ends June...
...painful memories have not yet subsided, but Harvard staff are confident in improved labor relations, believing that the University??€™s financial situation has now stabilized...
While Jaeger acknowledges strained economic conditions, he also says he believes that there are clear indicators of the University??€™s improving financial situation...
...University??€™s offering of early retirement packages to professors is another choice that, although necessary in these circumstances, could undermine students’ academic experiences by eliminating some of the most experienced faculty at Harvard. Although this does offer the opportunity to hire new younger faculty, the net effect of the attrition and replacement may be different in different departments, depending on Harvard’s hiring priorities. We hope that Harvard does not have to diminish any area of its course offerings as a result of professors leaving. That said, some measures that the University is taking...
...pleased that the University is making an effort to uphold certain commitments even in spite of budget cuts. Development of the University??€™s Allston project has somewhat stalled this year due to cuts, but some encouraging progress has been made in certain areas, including a land concession that allows residential development, helping dull the negative effect that halting construction could have on Allston development. We are also glad that the University plans to continue its long-needed project of renewing undergraduate housing despite the budgetary pressure and believe that increasing living space, social space, and privacy...