|
|
08 Nov 2012
MAZARS could make up to 5% of its workforce redundant, as it begins a consultation process across the firm.
Accountancy Age has learned staff were informed this week that a consultation process to cut costs was taking place across the business.
Further reading
A statement from Mazars said: "Mazars has made significant headway in the last few years, with good organic growth and profitability. However, the continuing market conditions in the UK mean that, like most professional service firms, regrettably we are obliged to engage in a consultation process across our business that may result in redundancies of up to 5% of our workforce.
"Every effort will be made to consult and help those who are leaving us. Mazars has a highly talented team and will continue to provide the market leading support to our clients that has always driven our growth."
Accountancy Age understands the firm is in the process of determining which members of staff will be made redundant, with a limited number of partners to be included.
The consultation, including redundancies, should be finalised before the end of the year.
According to the Top 50+50 2012 survey, Mazars had a fee income of £114.4m and employs 115 partners.
You may also like
National Trust, Micheldever,Hants, Contract, Full Time
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment
Is this linked?
I recently read Mazars appointed Phil Verity as Managing Partner.
Today i read 5% of the workforce are "being made redundant"
In my opinion the appointment of Verity and today's redundancies are linked and Verity can now boast a more profitable Mazars to his fellow partners... Well done Phil.
Posted by: richard, 09 Nov 2012 | 11:29
BETTER TO BE JUMPING A SINKING SHIP ....
Indeed, Phil Veritys appointment was the catalyst for all of this. Poorly lead company that is sinking fast - how do I know - insider information.
Best to jump ship now.
Posted by: Sarah, 16 Nov 2012 | 09:46
Necessary to survive
Phil has had no choice as Mazars' growth is stilted and overheads remain high with a vast network of loosely connected regional offices, no centres of excellence and a disjointed collecton of theifdoms portraying themselves as a national player. Showing my hand, I am a former employee and see much to admire in the brand, but less so in the recent leadership. I hope Phil has the courage to reshape the senior pool as well as the junior ranks.
Posted by: former, 18 Dec 2012 | 18:12