The University of East Anglia is set to cut 170 full-time jobs amid ongoing financial turmoil. 

Vice-chancellor David Maguire said the cuts would allow the university to stay on track with its plan to restore stability to its budget.

He said: "Although long-term finances remain sound, this shortfall has arisen because of inflationary cost pressures and a reduction in international postgraduate numbers, related across the sector.

"Over the coming weeks we will continue consultation with our trade unions."

Vice-chancellor David MaguireVice-chancellor David Maguire (Image: University of East Anglia) READ MORE: Fury as cash-strapped UEA almost doubles number of staff on £150,000 a year

It comes almost a year after the university announced it would be able to make the savings it needed without compulsory redundancies.

That was after it emerged the organisation had to make £45m in savings over a period of three years.

But last month Prof Maguire told staff an additional £11m had been piled onto its budget deficit.

The difficulties have been blamed on a number of factors, including declining student numbers, struggles with overseas recruitment and growing rates of inflation against frozen tuition fees.

UEA has said staff and students have been informed about the job cuts and staff directly affected have been notified.