East Design University Faces Salary Payment Issues as it Plans to Exit in July, Ministry of Education: Full Salary Borrowings Repaid in January 2023

Reported 9 months ago

East Design University is set to exit in July, but recent reports of owing millions in unpaid salaries have led to legal actions from its employees. The Ministry of Education explained that due to poor financial conditions, they reached an agreement with 94 staff members in 2021 to reduce academic research fees. The university later transitioned to borrowing salaries from February to June 2023, which were repaid in full by January 2024. The Ministry stated that the university ceased all enrollments in May 2023 and will close by the end of the academic year in July 2024. The education authority also mentioned reorganizing the public-interest board to ensure smooth closure and fair treatment of employees and students.

Source: YAHOO

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