University warns of ‘urgent financial challenges’ as new redundancy scheme opens

Edinburgh University has announced a new voluntary redundancy scheme for staff as its principal warned of the ‘financial challenges’ the sector is facing (Jane Barlow/PA) -

Bosses at the University of Edinburgh have launched a voluntary redundancy scheme for staff as the principal warned higher education in the UK is “facing serious and urgent financial challenges”.

Professor Sir Peter Mathies said the situation is placing the “stability” of the university sector “under threat”.