Academy accounts reveal millions more being spent on redundancies

The TES is reporting that a recent analysis has found that budget cuts have resulted in MATs shedding staff and spending a greater amount on redundancy and severance deals.

Academy trusts spent millions more getting rid of staff in 2015-16 than in the previous year, a TESanalysis suggests.

Analysis of the accounts of a sample of high-profile trusts indicates that the increased redundancy and severance costs were often linked to financial pressures, with trusts shedding staff to stick within tight budgets.

Many of the 20 trusts TES looked at increased the amount they spent on “staff restructuring” in 2015-16. Of the 15 that published this information, such costs rose in 10 and only fell in five.

The largest increase in staff restructuring costs was for Wakefield City Academies Trust, which spent nothing on redundancy and severance payments in 2014-15 but £843,000 in 2015-16.

The biggest proportional increase in restructuring spend was for GLF Schools, which had a fivefold increase from £52,000 to £260,000. The trust said: “We are committed to treating our present and former staff fairly and with integrity when funding pressure leaves schools with no option but to reorganise.”

More at: Academy accounts reveal millions more being spent on redundancies

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