The Syndicate of Annamalai University has decided not to go in for salary cuts or retrenchment of staff.

At an emergency meeting held in Chennai on Friday, it decided to form a three-member high-power committee, consisting of an economist, a retired Judge and a retired Vice-Chancellor, to go into the causes of the financial crisis of the university and suggest ways and means of mobilising resources.

The Syndicate’s decision brought cheer to the faculty members and other employees whodistributed sweets in the vicinity of the university.

Vice-Chancellor M.Ramanathan told The Hindu that the committee would be constituted in another couple of days. “Since the university is in a critical financial situation it does not have the means to even pay the salary for the next two months. Therefore, the proposed committee would have to come out with its recommendations as early as possible.”

  • 3-member panel to study causes of financial crisis the university is facing

  • Vice-Chancellor to meet Education Minister