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NZ's Te Pūkenga achieves $50M cost savings, operating deficit decreases from $93.4M to $37.9M.
New Zealand's Institute of Skills and Technology, Te Pūkenga, reported a $50 million cost-saving achievement, despite government concerns.
With all 25 polytechnics and work-based training organizations under one entity, Te Pūkenga's 2023 annual report showed an operating deficit of $37.9 million, down from the forecasted $93.4 million.
The institute attributes the results to cost-saving measures, increased international student enrolment, and work-based learning division progress.
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Te Pūkenga de NZ logra ahorros de costos de $50M, el déficit operativo disminuye de $93.4M a $37.9M.