After seeing its operating licence suspended by the province, Everest College moved Thursday to close its 14 campuses in Ontario – including the one in downtown Kitchener.
Across those campuses, the school had an enrolment of about 2,400 students, primarily focused of training for careers in the business, technology and health care sectors.
It also employed 450 staff members.
Officials with the provincial government say they suspended the school’s licence due to concerns it could no longer be financially responsible.
Training, Colleges and Universities Minister Reza Moridi said in a statement that he was “saddened” by the news, and that the province would work to support affected staff and students.
Last summer, all 14 campuses were put up for sale as part of a broader move by parent company Corinthian Colleges, which closed 12 of its locations in the United States.
Earlier this week, Corinthian Colleges was suspended from public trading on the Nasdaq stock market for failing to file periodic reports on time.
The school will have a budget of $3 million to complete training and refund students’ tuition fees, Moridi said.
With files from CTVNews.ca
