PracticeAccounting FirmsTenon staff shocked by redundancies

Tenon staff shocked by redundancies

Troubled accountancy firm Tenon has asked some of its staff to justify their job as it seeks redundancies in a national business review.

Link: Headaches grow at Tenon

and Tenon share buyer linked to rival firm

Eighteen of the 100 members of staff in Tenon’s Sunderland office near Newcastle could be going after a consultation period of one month. The redundancies would involve the closure of the company’s South Shields office.

The move is part of a national strategic review that intends to ‘look at absolutely everything’ in a fundamental business review. There are no numbers available for potential national redundancies, but a source close to Tenon said five of its 33 offices are undergoing a consultation period.

‘In Newcastle the 18 number is correct, but we cannot say whether or not they will go. People who might be made redundant, they make their case and then a decision is made,’ a Tenon spokeswoman said.

Sunderland staff were ‘stunned’ to hear 20% of the office could be made redundant, local paper icNewcastle learned. The shock was amplified as the North-East grew significantly recently and in December moved to new purpose built premises.

Related Articles

British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

2w Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

2w Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

2w Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

3w Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

1m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

1m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor
Mind the gap: what accountancy firms should be doing ahead of the new gender pay gap reporting rules

Accounting Firms Mind the gap: what accountancy firms should be doing ahead of the new gender pay gap reporting rules

2m Karen Baxter, Lewis Silkin