Durham University has opened a voluntary severance scheme for its academic staff. The institution, rated in the top 10 universities in the UK, has stressed that it is in a 'secure financial position' following the announcement.
Scheme details and timeline
With finances being 'tightly managed', the university describes this as a way to create 'sustained financial capacity', which will in turn maintain its future. Decisions on applications will be made based on academic, research, and operational needs, with each case considered on an individual basis.
The scheme, which the university says has been 'communicated widely' with staff and trade unions, opens on Monday, November 9, and closes on Monday, December 7.
University statement
A Durham University spokesperson said: "Durham University is opening a voluntary severance scheme (VSS) for academic staff."
"Durham is in a secure financial position, and we are a QS World Top 100 and UK top 10 university with regional, national and global impact. We continue to tightly manage our finances to maintain a strong academic environment for future generations."
"Voluntary severance gives academic colleagues an opportunity to consider their future plans. It also helps the University to create sustained financial capacity to invest in priorities aligned to our strategy."
"Decisions will be made following consideration of academic, research and operational needs, including academic workload implications."
"This scheme has been communicated widely to our academic staff and to our recognised trade unions. It opens on Monday 9 November and closes on Monday 7 December."
No targets or department closures
In addition to the statement, the university has shared that there are 'no targets for specific savings or reductions' and 'no plans or proposals' to reduce academic staff numbers at the conclusion of the scheme. The university 'does not intend to close departments', and is expected to record an 'improved operating surplus' for the 2025-2026 year.
