The Laurentian University of the future is under discussion as it reaches the first anniversary of exiting creditor protection- the only publicly funded post-secondary institution in Canada to ever seek insolvency under federal bankruptcy law.
The federal government plans to amend legislation to exclude post-secondary institutions from becoming the subject of insolvency proceedings, according to an update in the fall economic statement.
Staff and faculty members at Laurentian will be able to sign up for some online mental health sessions to help them deal with trauma and loss as the university recovers from its past insolvency.
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Unions representing staff and faculty members at Laurentian University want to see accountability in the wake of a new report from Ontario’s auditor general about the Sudbury, Ont., institution’s insolvency, which happened under a law that was created for private companies.