As many as 120
& Young UK and Ireland staff face redundancy.
The firm is the last of the Big Four to announce staff cuts in the worst
business conditions since the 1990s. It refused to reveal if there would be job
cuts when asked by Accountancy Age in February.
E&Y has placed around 1% of its workforce on notice of redundancy. A
spokeswoman said: ‘Regrettably a small percentage of our people were put at risk
of redundancy. This may see a handful of job losses.’
In the last fortnight the firm has encouraged more client-facing staff, but
not partners, to take up flexible working options such as voluntarily reducing
hours or taking sabbaticals.
‘We believe it is more important than ever that, as the leaders of our
business, they spend as much time as possible with our clients helping them
through these challenging times,’ the spokeswoman added.
The firm has extended the flexible working scheme throughout Europe, the
Middle East and Africa.
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