PracticeAccounting Firms6,000 at Andersen face redundancy

6,000 at Andersen face redundancy

Shattered firm Andersen, is considering shedding up to 6,000 jobs in the US, some 20% of its workforce, with an official announcement expected to be made next week.

The cuts will come as the firm attempts to survive federal criminal charges and a mass of audit clients quitting the firm creating massive revenue reductions, following the Enron scandal, according to reports in the press.

Some 28,000 staff are employed by the firm in the US, from a total 85,000 worldwide. Although no official number of job cuts have been announced, the firm will be hoping a number of staff walk away voluntarily, or will be hired by rivals.

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