Change negotiations are starting in the Faculty of Technology and continuing education

In its meeting on April 17, 2023, the board of directors of the University of Oulu has decided to start change negotiations under the Act on Co-operation in the Faculty of Technology on financial and productive grounds.

The change negotiations concern Oulu Mining School (OMS) and Environmental and Chemical Engineering (ECE) research unit, as well as the faculty's Machine shop and administration.

The targeted cost saving is around 700,000 euros annually. The measures may lead to the termination of employment of maximum 13 people, both in teaching and research staff and in other personnel. There are 38 people in the scope of the change negotiations.

At the same meeting, the board of directors also decided to start change negotiations in the university's continuous learning activities on financial and productive grounds. The negotiations include activities from the university's Extension School and Academic Affairs.

By making operations more efficient, the aim is to achieve an annual profit improvement of 500,000 euros by the end of 2024. According to a preliminary estimate, the employment of maximum 20 people will be terminated. The number of people in the scope of the change negotiations is estimated to be 52.

Actions made possible by the Act on Co-operation are termination of employment, layoff, part-time employment or changing the terms of the employment contract.

The financial statements for 2022 show loss

The university's board approved the financial statements of the University of Oulu and the university group, according to which the university's result in 2022 was a loss of almost 38 million euros. The university's financial statements and annual report will be published in accordance with the Universities Act after the university collegium has confirmed the financial statements.

In addition, the board looked at the university's long-term operational and financial plan (PTS), which aims to summarise the plans of faculties and units for the next five years.