Aoraki Polytechnic Council will meet today to discuss falling student numbers and a forecast deficit of $2.359 million.
The latest report from Aoraki shows that at the end of October it was 474 students short of its target of 1773 for the current year.
This follows on from the announcement last week that 24 fulltime jobs would be made redundant, and a proposal for a further seven roles to go. Accounting firm Deloittes had been working with the polytechnic, which is facing its third year of student losses and its second deficit.
In his report to the Aoraki Polytechnic Council, acting chief executive Alex Cabrera said student numbers continued to "record a negative variance against budget".
"A number of factors have impacted severely on enrolments, the improving labour market being a major factor."
Last month Aoraki ruled out amalgamation, deciding to remain a separate entity, but to collaborate with other institutions.
The polytechnic council has been considering options to address challenges it faces. A new collaborative model with other South Island tertiary institutions will be developed and implemented over the next 18 months.
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