Hawaii Pacific University has not renewed contracts for 18 full-time faculty members and is trimming employee benefits as part of cost-cutting measures spurred by a 10 percent drop in enrollment over the past year.
The Honolulu Star-Advertiser reports the faulty cuts represent 7 percent of the 250 full-time faculty who teach courses for the private university’s 50 undergraduate programs and 14 graduate programs, which saw enrollment drop to 6,700 students in the fall semester, from 7,463 students during the same semester the previous year.
The newspaper reports HPU’s cuts to employee benefits include a reduction in the employer contribution to retirement plans and a decrease in the tuition waiver for employees and their dependents.
Meanwhile, HPU has received its final environmental approval for its plan to redevelop the Aloha Tower Marketplgace in Downtown Honolulu to add student dormitories and classrooms to the current mix of retail shops and restaurants. (Pacific Business News)