WorldCom European chief Lucy Woods was said to have informed senior staff of the figures in a conference call to senior staff. But the telco has now said the call was to all staff and that ‘contrary to news reports today sales had not fallen by the quoted 50 per cent’.
According to The Financial Times, Woods also said that the firm was struggling to win new contracts and that parts of its European operations may be sold.
But this was dismissed by WorldCom. ‘Europe remains a core part of operations,’ a spokeswoman said. She added that ‘We have no indicators that the historical sales dip in July and August is any worse than in any other year.’
The spokeswoman said the figures must have come from a disgruntled employee. ‘There’s always someone with an axe to grind,’ she told VNU News Net.
WorldCom has said some 450 employees in Europe will be made redundant but has not yet detailed its plans.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016