No jobs on graduating, KPMG in Ireland tells trainees
Contracts will not be automatically extended on qualifying for KPMG in Ireland's undergrads
Offers of employment after completing the undergraduate training program are
no longer guaranteed at KPMG’s Irish practice on graduating.
Many trainees at the firm, which is separate from the UK arm, have been told
that their contracts will not be extended if they qualify in spring. A spokesman
for the firm indicated that there would be a `reduced number of positions this
year,’ according to the Irish Independent.
The news comes in the wake of KPMG in the UK, a member firm of KPMG Europe,
seeking to reduce its staff costs without resorting to redundancies.
In January, it offered all current staff the option of working a four-day
week or taking extended unpaid annual leave.
KPMG in Ireland currently has 130 accounting trainees. In the past, trainees
have often eschewed an offer of employment with KPMG for an industry job.
This year, any offers of employment made are likely to be more widely
accepted than in the past.