By Tom Place For Daily Mail Australia
Published: 11:30 BST, 5 August 2020 | Updated: 11:30 BST, 5 August 2020
The University of Melbourne has slashed 450 jobs after negotiations for staff to take a two per cent pay cut failed.
Academics and other staff will be sacked as the university grapples with a $1billion revenue shortfall as a result of the coronavirus pandemic.
Workers in casual and fixed-term positions will be impacted, with the university yet to announce which roles will be safe, according to The Age.
The University of Melbourne will slash 450 jobs from academic staff and other roles as the university struggles to fill a $1billion revenue shortfall as a result of the coronavirus pandemic
A spokesperson for Melbourne University said staff were given the opportunity to take the pay cut which would have saved 200 jobs.
'Staff were asked to vote on a proposal to forgo a 2.2 per cent pay increase, payable from 1 May,' they said.
'Staff rejected the proposal, which the University estimates would have saved around 200 jobs.'
Vice-Chancellor Duncan Maskell said on Monday job losses were necessary to cut down on expenditure