All UWI campuses and Regional Headquarters/Vice-Chancellery administration must cut expenditure by 10% over the next two years.
This is part of UWI’s “Ten in Two Strategy” approved by Vice-Chancellor Professor Sir Hilary Beckles during a recent two-day retreat.
According to a release, UWI entities have been tasked with consolidating academic programmes, adopting a robust out-sourcing methodology that targets non-core expenditures, and diving deeper into the digital culture in search of cost reductions and savings.
Simultaneously, the Vice-Chancellor requested that operational units increase top line revenue-generation by 10% over the same period, to achieve a UWI-wide savings of approximately US$30 million.
UWI’s executive management also set five new targets to achieve over the next two years:
- Intensification of cross-campus planning to drive digital transformation
- Implementation of the University as a multi-lingual academy
- Consolidation of The UWI’s reputation as the global leader in climate action and advocacy
- Fast track strategies to develop the entrepreneurial culture across The UWI system and to cultivate “UWI Corporate” as an effective brand
- Establishment The UWI Global Online platform to offer programmes and courses internationally