BusinessPeople In BusinessEY Ireland announces pay cut

EY Ireland announces pay cut

Applies to all workers except support staff

Ernst & Young in Ireland has announced that it will dock the pay cheques
of all staff by 7.5 per cent.

All staff will be affected, with the exception of support staff earning less
than €40,000 (£36,000) per year.

In a statement, the firm said it was trying to avoid having to make
redundancies, and that the move was part of an overall plan aimed at reducing
labour costs. Other measures the firm said it is taking include a freeze on
overtime and a change in holiday entitlements.

The move follows a decision by PricewaterhouseCoopers in Ireland in February
to cut the pay of some of its staff by 10 per cent.

In March, KPMG Ireland announced that it was making 200 redundancies – or 10
per cent of its workforce, and that it would cut the pay of remaining staff by
5-10 per cent. Deloitte also announced that it would seek 70 voluntary
redundancies in Ireland.

Related Articles

EY partner appointed Legal & General group CFO

Accounting Firms EY partner appointed Legal & General group CFO

12m Acccountancy Age
Former Clydesdale Bank CEO Thorburn takes EY NED post

People Business Former Clydesdale Bank CEO Thorburn takes EY NED post

2y Calum Fuller, Reporter
EY named as one of the UK’s best big companies to work for

People Business EY named as one of the UK’s best big companies to work for

2y Richard Crump, Writer
Trio of Big Four firms praised by Stonewall for gay-friendly ways

Accounting Firms Trio of Big Four firms praised by Stonewall for gay-friendly ways

2y Chris Warmoll, Writer
EY hires Rawal as new financial services transaction partner

People Business EY hires Rawal as new financial services transaction partner

2y Chris Warmoll, Writer
EY's Liz Bingham leads New Year's Honours for the profession

People Business EY's Liz Bingham leads New Year's Honours for the profession

3y Kevin Reed, Writer
Pride as EY named Stonewall Star Performer on workplace equality

Accounting Firms Pride as EY named Stonewall Star Performer on workplace equality

3y Chris Warmoll, Writer
EY aims to treble strategy consulting practice by 2020

Accounting Firms EY aims to treble strategy consulting practice by 2020

3y Richard Crump, Writer