The University of the Fraser Valley is offering buyouts to experienced staff to attempt to cut costs in the wake of the COVID-19 pandemic. The university has developed what it is calling a “retirement incentive program” to try to cut staffing costs as UFV looks to trim its balance sheet. In an email to employees at the end of November, Marnie Wright, UFV’s associate vice-president, human resources, writes that the university is looking at a “significant budget shortfall” for the next fiscal year.
