Terrace, B.C. – Coast Mountain College (CMTN) is moving forward with a major restructuring plan as international student enrolment drops to less than 10 percent of last year’s numbers.
The decline follows changes to federal international education policies, which have made CMTN programs less accessible to international students. As a result, the college says , it must cut $4 million in expenditures to reach a balanced budget by 2026.
Measures already underway include reducing management positions by 17 percent, limiting travel and overtime, leaving some job vacancies unfilled, and adjusting pricing for food and student housing. However, officials say additional staffing reductions will be unavoidable, with layoff notices expected in October.
To help reduce costs further, CMTN’s Board of Governors has also approved the sale of two real estate assets in Kitimat and Houston. The funds will be reinvested into future capital projects aimed at supporting students across northwest B.C.
CMTN says these steps are necessary to ensure the college remains sustainable for years to come.