On the same day that it announced its new interim President and Chief Executive Officer Tracy Edwards, Keyano College has confirmed with MyMcMurray that it is laying off anywhere from 19 to 24 full-time staff members.
“Lower oil prices have forced Keyano, like many organizations in our community, to adapt to a new economic reality,” wrote Matthew Harrison, Director, News and Media in an email. “The College has initiated a number of cost management initiatives and has been working with Ernst & Young to facilitate prudent financial management. “
According to the College most of the layoffs are support roles that will not impact the delivery of classes or programming at Keyano.
“Many difficult decisions have been made to address revenue shortfalls within the context of minimizing the impact on core educational programs, student activities, community events and regional delivery,” said Harrison. “Revenue shortfalls and ongoing reductions in the operational budget have been the outcomes of managing within the context of the current economic downturn.”
The final number of jobs lost will depend on redeployments; some of which will take place now and others will involve working notice.
This round of job losses comes after Keyano cut 13 jobs in June.
