Holland College Announces Fiscal Mitigation Plans
Holland College has announced several mitigation strategies to minimize the financial impact of the Covid-19 pandemic.
The Dance Performance, Theatre Performance, Cabinetmaking/Wood Manufacturing, Commercial Diving, and Aircraft Turbine Technician programs will be suspended for the upcoming academic year, which will result in staff layoffs. There will also be staff reductions in other areas resulting in delayed or adjusted contract start dates, and some vacant positions will not be filled for the upcoming year. In total, these measures will impact 29 employees. The college will also continue to implement a college-wide systematic approach to balance cost reduction and revenue generation in an effort to achieve financial sustainability.
“The effects of Covid-19 have been profound for colleges and universities in the region and across the country. Holland College has certainly felt the impact,” said college president Dr. Alexander (Sandy) MacDonald. “For the coming academic year, we are projecting significant reductions in revenues and greatly increased expenditures as we adapt to this new reality. Although the future remains uncertain and other interventions may be required, we are optimistic these changes will find us fully prepared for the start of the academic year.”
For more information about this release, please contact:
Sara Underwood, Media and Communications Officer
Date: Monday, July 06, 2020