‘The [USyd] surplus for 2012 was $137m ($88.5m for 2011)… The largest increase in revenue over the last five years was in 2012’
NSW Auditor General, Report on University of Sydney 2013, pp. 87–8.
Sydney University is rich. Managers award themselves huge bonuses, but refuse to invest in staff.
Because of the dating of management’s pay offer, their figure of 2.9% represents a real pay cut. Management is asking us to work harder, but wants to leave us worse off.
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