The University of New South Wales has announced that it will cut 493 full time jobs next year.
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The university will also consolidate its eight faculties to six and will remove two deans and two vice presidents from the senior leadership team.
This is a response to a budget shortfall of $370 million due to the COVID-19 pandemic.
However, the cuts will not affect the UNSW Canberra campus at the Australian Defence Force Academy.
A spokesperson from UNSW Canberra said that "UNSW Canberra is a discrete campus with distinctive priorities and was not included within the scope of UNSW Sydney's Taskforce 2020/21+."
National Tertiary Education Union Branch President Dr Sarah Gregson said she also also been told by Vice Chancellor Professor Ian Jacobs the cuts would not affect staff in Canberra.
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She also said UNSW Canberra had more stability due to its contract with defence and its plans for a second campus in the capital.
UNSW Canberra received the green light from the ACT Government in July to build a new campus in Reid. The UNSW branch of the NTEU will meet to consider campaign options next week.