2009 Recession Cuts

The academic labour market never gets any breathing room

Justifying the university means justifying what universities do, not what we want them to do

Budget deficit years in the making

U of T has seen a 12 per cent increase in financial aid applications

Most lost jobs expected to be in operations, trades, advisory and technical positions

For students 20 to 24, unemployment hits 14 per cent, the highest rate since 1997

Union offers alternatives to save 130 jobs slated to be cut as low-enrolment courses chopped

School dodged "Yale model" in favour of conservative investing and a secure cash flow

Despite attempts to save money, university cites "extraordinary financial challenges"

Golf, rugby, figure skating, cheerleading and baseball will be pay-to-play