Atos KPMG Consulting slashes jobs
Management consultantcy Atos KPMG Consulting is to slash 15% of its workforce after what it called a 'significant deterioration of market conditions over the past year'.
The cuts were confirmed by a spokesperson for the firm, which was formed only a month ago when Paris-based Atos Origin bought KPMG’s UK and Dutch consulting businesses for £413m.
Atos KPMG Consulting said current staff levels could not justified by the amount of client work available.
Although it could not put an exact figure on the number of redundancies, the firm said it expected a similar proportion of the workforce to leave as had left during the previous round of redundancies.
The firm is currently in the midst of a statutory 30 days collective consultation with employee representatives; individual consultations with those at risk of redundancy will begin next week.