The upcoming Government cuts in university funding require the University of Helsinki to launch adjustment measures in its operations and actively seek new sources of funding. This adjustment cannot be implemented without reducing the number of staff

In its meeting on 16 September 2015, the Board of the University of Helsinki discussed the impact of the Government programme on the University’s finances and the measures required by the situation. The University has calculated that the cuts it will suffer annually will reach 106 million euros by the end of the term of Sipilä’s Government in 2019–2020. This represents 15% of the University’s total income. The University’s core funding will be cut by 20% (93 million euros). The ultimate need for adjustment measures is affected by the University’s success in acquiring new forms of income and the revocation or continuation of the pharmacy compensation received by the University. The annual impact of the pharmacy compensation is 29 million euros.

Read more from Flamma:  https://flamma.helsinki.fi/en/university-of-helsinki-launches-a-change-programme-to-adjust-its-finances