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The monitor appointed to oversee Laurentian’s restructuring through the Companies’ Creditors Arrangement Act is praising the work the university has done so far to trim costs, while suggesting more savings will have to be found as the school can’t easily boost income.
“The analysis performed by LU in recommending the program and course closures and faculty and departmental restructuring was rigorous and detailed,” writes Ernst & Young, the firm selected as monitor, in a report issued earlier this week.
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Laurentian may need to make more cuts, monitor warns
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Laurentian may need to make more cuts, monitor warns
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