ANU budget cuts

The Australian National University may have to cut back on some research as it attempts to find 40 million dollars in budget savings.

Up to 150 jobs may go, with the bulk of those facing the axe coming from research and teaching areas.

The ANU’s budget has come under pressure after lower than expected returns on investments, high salaries and skyrocketing depreciation costs.

Vice Chancellor Professor Ian Young says the cuts are designed to protect the international standing of the university.

“There may well be areas where we will have the point where we no longer believe that we can carry out the full blown breath of that research activities. And so that will be decisions that need to be made at the college level rather than decisions that will be made by myself”.

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