WELLINGTON - Cash-strapped Massey University, which is cutting jobs and programmes in New Zealand, is planning to open a campus in Singapore in a bid to find new streams of revenue.Massey - one of New Zealand's largest public universities - announced in August a joint venture with "an educational investor with facilities" in Singapore. It declined to reveal the name of the co-investor.
While it is not going to "build a physical campus" in Singapore, Massey has described the size and scale of the joint venture as unprecedented for a university in New Zealand. Afflicted by falling domestic enrolment due to high employment, Massey recorded a NZ$8.8 million deficit in 2022. It is a crisis that many of New Zealand's universities find themselves facing. Six of the country's eight universities are in financial distress.
Massey would not reveal how many have applied for "voluntary enhanced cessation", except that the process is still ongoing and there has been interest from some staff members. On the proposed cuts, Massey's spokesman said "closing courses, specialisations and qualifications that are no longer in demand is part of the normal cycle of academic management".
An academic who declined to be named cited the failed example of Australia's University of New South Wales, which closed its Singapore campus after just three months and enrolling 148 students in 2007, as well as the impending closure of Yale-NUS College.Furthermore, Singapore has six local universities, including the highly ranked National University of Singapore and Nanyang Technological University , he added.
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