UCU regional official Barry Jones said: “Far from further cutbacks, this university is in desperate need of investment to expand access to education.
“We urgently call upon the university’s leaders to turn away from a misguided strategy of shrinkage and job cuts and work with us to develop a plan that gives the university the best chance of survival and to thrive in the future.
“Nobody wants to be on strike and we remain open to sitting down to explore a better way forward than these job losses.”
A spokesman for the university told the Standard: "The University is aware of a UCU ballot in support of industrial action including strike action.
"Our priority as a University is in supporting our 14,000 students, and we have contingencies in place to minimise disruption to them should a strike take place.
"In 2014 we commissioned a report to review the size and shape of London Met, which showed that our cost structure is too large for a university of our size. We therefore need to reduce our cost structure to be more in line with our student numbers, as well as universities in the capital similar to London Met."