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What happened to Laurentian University? How did a publicly funded Ontario university go to the edge of bankruptcy without anyone intervening before the crisis became inescapable? And if it was a crisis, why didn’t the provincial government intervene? What are we to think of a “restructuring” that eliminates the disciplines that define the institution it claims to be saving?
In Sudbury, Dominic Giroux was the top earner among provincial civil servants at more than $449,000
Timmins-James Bay MP Charlie Angus introduced a private member’s bill Thursday that would protect publicly funded institutions, such as hospitals and universities, from insolvency proceedings designed for commercial enterprises.
Newly unsealed documents show Laurentian University suggested the Companies' Creditors Arrangement Act (CCAA) to address its financial issues as early as August 2020, months before it filed for insolvency in February 2021.
Laurentian University in Sudbury, Ont., has officially left the Companies' Creditors Arrangement Act (CCAA) restructuring process following its insolvency in February 2021. As it was operating while dealing with its financial crisis, the school cut 76 programs and nearly 200 staff and faculty.