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Laurentian University president weighs in as restructuring enters 2nd phase

Laurentian University president weighs in as restructuring enters 2nd phase In a letter published Monday, Laurentian University President Robert Haché is promising more communication and collaboration during the second stage of the school s restructuring process. Social Sharing CBC News · Posted: May 04, 2021 1:15 PM ET | Last Updated: May 4 Laurentian University President Robert Haché says he is looking forward to engaging with our stakeholders . to identify and implement best practices for the future. (Laurentian University)

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  SUDBURY Facing massive long-term debts and lower revenue as a result of COVID-19, Laurentian University has filed for court protection from creditors. It s the first time in recent memory that a university has done the equivalent of filing for bankruptcy because their debts far exceed their assets and revenue. In a news release Monday, Laurentian University President Robert Haché said despite being insolvent, the court filing would not affect day-to-day operations and students won’t be affected. All decisions that are made will continue to be made in the ordinary course, and will be done in the best interests of those who rely on us to provide a top-quality education, Haché said.

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