Haifa Technion Faces Serious Financial Crisis; Existence Threatened
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Haifa Technion Faces Serious Financial Crisis; Existence Threatened

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The Board of Governors of the Haifa Institute of Technology, grappling with a financial crisis so severe as to pose the danger of a shut-down of the Institute, today authorized its president, Alexander Goldberg, to appeal to Premier Levi Eshkol for aid.

Technion administrative board members told an emergency meeting of the Technion Senate yesterday that they would be unable to continue their work unless the Government provided enough financial help to see the Technion through the current crisis, and to plan for several years ahead. Mr. Goldberg told the Senate that, because of the financial difficulties, which have led to a strike threat by both faculty and non-academic staff members, it was impossible to do any advance planning.

Mr. Goldberg said that the Technion needed a budget of 39,000,000 pounds ($13,000,000) a year, but was assured of only 26,000,000 pounds ($8,666,000) annually from all possible sources.

Meanwhile a committee of non-academic staff workers announced that those workers would hold a one-day warning strike next Sunday. At issue is the failure of the Institute to pay salary arrears for which Institute officials have said they do not have the funds.

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