University staff choosing redundancy option
Seventy staff left the University of Canterbury and more than 30 applied for voluntary redundancy between October 2011 and last month.
Numbers dropped from 1985 equivalent fulltime positions (EFT) positions to 1915.
A university spokesman said this was a "a mix of natural attrition" with staff retiring, resigning and finishing contracts.
Since September, 31 applications for voluntary redundancy were received, including 10 academic staff and 21 general staff. The university will pay almost $1 million after 12.2 EFT positions were made redundant.
While the university will save $1,115,224 each year in salaries, it must shell out $941,419 in redundancy payments.
Minutes from the university's October board meeting said the redundancies meant "annual salary savings of around $1.1 million will be released, including . . . allowance for a new but lower level position being established".
The university faces a bill of more than $600m to fix and strengthen its 345 buildings.