Decline in international business hits Saltus student numbers

There will be staff cuts as well.

The school has been experiencing a decline in students as a result of the recession, a press statement said.

In the statement, headmaster Ted Staunton explained: “We see this as a prudent time to critically review all programmes offered by the school and become a smaller and more student‐centred institution.

“We will, of course, continue to focus on our mission, academic excellence, personal integrity and service to others.”

A total of eight staff positions will be made redundant.

Mr. Staunton continued: “Without a doubt we have been affected by the reductions in the international business sector.

“We continue to have a healthy demand at all levels for admission to Saltus from Bermudian parents. Since 2008, most of our attrition has come from international families relocating overseas.”

“The unfortunate consequence of the reduction in students is the effect it has on our bottom line and the need for us to focus on cost savings across the school.

“All budgets have been reduced, including our payroll budget. We are disappointed to be forced to reduce the size of our valued faculty and staff.”

He added: “This will be accomplished by a combination of retirement, non‐renewal of one‐year contracts, reductions in non‐essential programmes and the elimination of staff consultants.

“Positions that will be made redundant will continue until August 2011.

“We will be contacting all employees whose positions will be affected within the next few days and our Human Resources Department will provide outplacement support.”