Humber College introduces voluntary exit program for staff.

Humber College has launched a Voluntary Employee Exit Program, citing fiscal pressures linked to caps on international students and rising costs. Employees have until March 9 to indicate interest and the school will assess participation before deciding on further workforce changes.

Humber College says it is launching a Voluntary Employee Exit Program (VEEP) as it faces significant fiscal pressures. The institution's president and CEO, Ann Marie Vaughan, cited caps on international students, rising operational costs and the longer-term effects of constrained funding. The program is described as an effort to minimize involuntary job losses and is available to full-time employees, including the executive team. Key details: - Humber announced the Voluntary Employee Exit Program in a letter to the college community, citing budgetary strain. - The program is open to all full-time employees, including executive staff, and offers financial packages to eligible participants. - Employees have until March 9 to indicate their interest in the program. - The college will review participation levels after the deadline before determining whether further workforce reductions are required. Summary: The program is presented as a way to address financial pressures while aiming to avoid involuntary layoffs. Humber will assess responses after March 9 and then decide on any additional staffing measures.