Matthew Littlewood

A Mosgiel-based excavation company still owes creditors nearly $3 million after the sale of most of its plant equipment and vehicles.

The University of Otago has been accused of exorbitant spending after its bill for consultants increased by more than 26% over the past five years.

University of Otago staff will again be in the firing line as the institution seeks $10 million in savings from restructuring.

The University of Otago aims to get through its financial struggles by increasing enrolments by 20% and rapidly lifting the number of international students.

The more than 100 jobs cut at the University of Otago yesterday could just be the start as the embattled institution searches for a further $23.5million in savings.