Andersen to make 1,500 UK staff redundant
Splintering firm Andersen announced this afternoon that it would make up to 1,500 redundancies in its UK practice.
Announcing the news as the chancellor was delivering his Budget speech, Andersen said it had been forced to take the decision in the UK ‘as a result of lower levels of business’.
The job losses will bite in all areas of the firm’s UK business and a consultation process with employees has been launched with immediate effect.
UK managing partner John Ormerod said ‘The combination of difficult economic conditions and the effects of the Enron situation means the UK firm is not achieving the levels of business activity on which our headcount is based.
‘We deeply regret having to make this decision, and our aim is to carry out the process as fairly as possible to minimise potential disruption to our business and uncertainty for employees.’