UCU Lambasts London Metropolitan University (LMU)
The University and College Union in London has called on London Metropolitan University (LMU) to get its 'house in order' after senior managers and governors were accused of 'operating blindly' in a hard hitting report by auditors BDO."These latest revelations are shocking and cannot be swept under the carpet... It is a disgrace that hard working and talented staff are being axed for the failings of senior management," says Sally Hunt, general secretary of UCU.
LMU's current state of affairs was brought about by an auditor's report that reveals the reason behind the educational institution surge in repayment demands which totals more than £36 million. This same problem was the cause of the institutions decision to axe over 550 posts.
In the recently released documents to the Times Higher Education Supplement, it reveals that London Met was being run 'financially blind' and without any 'reasonable' funding safeguards after the university wildly misreported the number of students completing courses.
In its first step towards acting on the mess the UCU repeated its calls for all compulsory job losses to be suspended until a full public inquiry is held into the financial mess.
LMU has over 34,000 students and is the largest university in the capital. It has a proven track record when it comes to widening participation and has been at the forefront of the government's strategy to open up university to more students from 'non-traditional' backgrounds.
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