Late Wednesday, the university announced between 100 and 110 full time equivalent positions have been identified for potential redundancy and 35 full-time equivalent positions presently vacant will not be filled.

The job losses follows confirmation more than 600 subjects will be axed from CSU's offerings.

The university has attributed the cash crisis to the impacts of COVID-19, but also acknowledged it was dealing with "pre-existing challenges".

"Together, these challenges require decisive action," Acting Vice-Chancellor Professor, John Germov said.

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CSU had flagged jobs losses earlier this year.

"We are transparent about the financial impacts," Mr Germov said.

"In March we projected a budget deficit for 2020 of $49.5 million however with proposed savings through the sustainable futures program we expect to reduce this deficit in 2020 and continue to aim for a return to a balanced budget by the end of 2021.

"We have now commenced the first phase of our organisational review and are working with our staff on the proposed impacts to positions and what this means for individuals.

"The first phase of staff impacts is focused on divisions and offices and we will undergo a second phase in relation to faculty staff later in the year.

"This may also involve further re-calibration of our staffing profile in divisions as additional information comes to light."

CSU has a campus at Thurgoona.