Top brass at both organisations have started alarm bells ringing among staff
after announcing major personnel and operational changes.
chief executive Tony Hayward revealed plans to reduce the oil giant’s three
departments exploration and production; refining and marketing; and gas, power
and renewables to two, with gas, power and renewables being axed.
All BP’s functions will go under the microscope to root out any ‘overlap’
said a spokesman. ‘The finance function will be looked at, just as every other
function will be looked at.’
More job losses will come as a bitter blow to
BBC accounting and finance
staff, as the department has already been hit with a raft of job cuts.
The BBC slashed the number of finance function posts from about 650 in
2005/06 to 310 in 2006/07, with a target of 260 in 2007/08.
The cuts came despite the BBC signing an £8.5m outsourcing finance and
accounting deal with Xansa last year, which is expected to save the corporation
With the current downsizing plans already under way, sources suggested the
finance department might avoid the cull.
The broadcaster is expected to announce thousands of cuts today.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com