19 Dec 2023

Te Pūkenga faces record deficit as chief executive departs

From Morning Report, 7:48 am on 19 December 2023

Te Pūkenga has announced the departure of its chief executive Peter Winder as it heads for its biggest deficit yet.

A document obtained by RNZ shows it is expecting to lose about $93 million this year thanks to $100 million profit from work-place learning and a $185 million loss from its 16 polytechnics.

It says that's due to plunging enrolments and a skewed funding system. 

Education correspondent John Gerritsen spoke to Charlotte Cook.