PracticeAccounting FirmsGrant Thornton redeployment limits jobs cull

Grant Thornton redeployment limits jobs cull

Fewer redundancies will be made at Grant Thornton than was initially planned, the firm’s new chief executive has revealed

Scott Barnes, GT's new chief executive

Scott Barnes, GT’s new chief executive

Grant Thornton
had announced 220 jobs would go but only 160 lost their positions out of a UK
staff of 4,000.

Scott Barnes was speaking to Accountancy Age TV when he revealed
that GT would be keeping more staff by moving them to growth areas such as
corporate recovery and forensic accounting.

‘The numbers in the end were far less than covered in the press because we
were able to redeploy people into corporate recovery,’ he said.

The redundancies occurred in December.

Barnes, who took over running GT in January, is still working on his business
plan and new management team. He said he expects to compete with the Big Four,
but not in all areas and will be working to ensure that GT knows exactly what
its market focus should be.

Barnes is a former UK head of corporate recovery for GT but was most recently
global head of specialist financial services.

Visit Accountancy Age TV
here.
Barnes’ interview will be available to watch later today.

Related Articles

Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2m Austin Clark, Reporter
Grant Thornton appoints new partner

Accounting Firms Grant Thornton appoints new partner

3m Emma Smith, Managing Editor
Grant Thornton appoints new independent non-executive director

Accounting Firms Grant Thornton appoints new independent non-executive director

5m Emma Smith, Managing Editor
Grant Thornton makes transaction advisory services appointment

Accounting Firms Grant Thornton makes transaction advisory services appointment

5m Emma Smith, Managing Editor
Grant Thornton appoints new tax director

Accounting Firms Grant Thornton appoints new tax director

6m Emma Smith, Managing Editor
Grant Thornton strengthens team with two key appointments

Accounting Firms Grant Thornton strengthens team with two key appointments

6m Emma Smith, Managing Editor
Grant Thornton announces 20 new appointments

Accounting Firms Grant Thornton announces 20 new appointments

8m Emma Smith, Managing Editor
Three new directors for Grant Thornton

Accounting Firms Three new directors for Grant Thornton

8m Emma Smith, Managing Editor