Keyano College is cutting more jobs due to the downturn in the economy.
The post-secondary institution announced on Monday they were eliminating 13.85 full-time positions which represents around six per cent of their budgeted workforce in 2019/20.
This is the third time this year Keyano has laid off employees. Back in February, they laid off 19 employees, and in April, they let go 74 more. The 74 are believed to be temporary layoffs.
“These were difficult decisions, made necessary by budgetary constraints and a new economic reality facing public post-secondary in Alberta,” said Dale Mountain, Interim President & CEO.
“We recognize that this restructuring affects people who have made valuable contributions to Keyano and in no way does this reflect on their service to the College.”
These new positions will save the college over $1.2 million.
Keyano expects this move to help reduce administrative costs and allow for program efficiencies.
“These cost savings and efficiency initiatives are being made to ensure our financial stability and to assure the sustainability of our College,” added Mountain.
