Dundee University has announced an "alternative pathway" to solving the financial crisis at the institution that will see fewer job cuts than feared.
Under the proposals, the university will shed around 300 roles through a voluntary programme – after initially forecasting around 700 jobs would go.
Shane O'Neill, the interim principal at Dundee, said the "revised direction of travel" had been approved by the university court.
The university will seek additional public funding under the new scheme, which would also see further cost reductions pursued and a new operating model put into place.
Prof O'Neill – who previously told Holyrood's education committee as many as 700 posts might have to go – said a number of steps still needed to be completed for the new proposals to work.
He said: "We have been continuing to have positive and constructive engagement with the Scottish Funding Council and other stakeholders to develop an alternative pathway towards financial recovery.
"We have sought to find a financially viable way forward that would mitigate substantially the immediate need for large numbers of job losses."