Mazars could make 5% redundancies across firm

Mazars could make 5% redundancies across firm

Mazars begins consultation process which could result in redundancies for up to 5% of its workforce

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.

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.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource