Seven Australian universities are facing bankruptcy. Which Australian universities are they?

Seven Australian universities face bankruptcy

The education industry is Australia's third largest export industry, but this year, affected by the epidemic, many universities have fallen into a financial crisis, with salary cuts, layoffs, and asset sales. In order to save themselves, universities have racked their brains.

Gu Jian studies art and design at the University of New South Wales. Due to the impact of the epidemic, she has been taking online classes since March. There are more than 200 students in her college, and many overseas students are unable to return to Australia to attend classes due to the epidemic.
Gu Jian, a student at the School of Art and Design at the University of New South Wales, Australia: When the epidemic broke out in Australia, it was just the holiday time and many people were in the country. Basically 80% to 90% could not come back.
Since students cannot return to school for classes, tuition fees cannot be collected, which has a huge impact on the school's management and operations. International students account for nearly 40% of the total student body at the University of New South Wales. It is expected that the revenue will decrease by 600 million Australian dollars (about 3 billion yuan) this year; and in 2021, it will decrease by another 370 million Australian dollars.
Faced with a serious economic crisis, many universities have begun to cut salaries, lay off staff, and even sell off assets. The University of New South Wales said that in order to maintain operations, all managers voluntarily cut their salaries by 20%; the latest forecast of the Australian Universities Association is that Australia's eight most famous universities will cut 6,700 jobs in the coming period; the Royal Melbourne University and Swinburne University of Technology announced in June and July respectively that they would seek to sell properties in Melbourne's city center.
Shi Shuangyuan, Secretary General of the New South Wales Education Union of Australia: These measures have become one of the ways for many universities to save themselves. Other measures include temporarily leaving employees on leave, suspending wage increases, and suspending recruitment activities. In addition, many universities are also considering merging departments and reducing subjects and courses.
There are currently about 40 universities in Australia, and seven universities are considered to be at extremely high risk of bankruptcy, including some of Australia's top universities. To alleviate the impact of the epidemic on colleges and universities, the Australian government will open a special entry channel for international students in September, and the first batch will allow 300 international students to enter South Australia.