Christmas parties at the Big Four are likely to be more subdued affairs this
year as costs are reigned in due to the economic crisis.
With the country on the brink of a recession and a raft of company collapses
and job cuts, throwing a lavish Christmas party can create damaging publicity
A spokesman for
said this year’s Christmas celebrations were at the discretion of individual
departments, but said he expected events to be much lower key than usual.
‘Whether they choose to celebrate in some way is up to them. They may decide
to have their own party or meal,’ he said.
A spokeswoman for
the firm does not hold a company-wide party and that arrangements are made
within individual divisions. ‘Teams manage their arrangements at a local level
and we anticipate that events this year will be on a similar basis to last
year,’ she said.
A KPMG spokeswoman said
arrangements were going ahead as originally planned, but declined to comment
& Young’s spokeswoman said the firm ‘never issues figures on Christmas
party budgets’, saying that individual teams would be celebrating ‘in many
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