SOME 340 JOBS were cut at KPMG following its headcount reduction plan, and a pay freeze has been implemented across KPMG.
An internal email to staff said that plans to cut up to 3% of its workforce were now complete. The email contained a video link, in which the pay freeze was announced, reported the Evening Standard.
The workforce reduction plans were revealed in August, and were put down to “actively managing [its] cost base … in a subdued economy and fast-changing marketplace”.
KPMG posted £1.7bn in revenues for the year ending 30 September 2011, with profits falling 5% to £396m.
Rowan Williams will be responsible for growing the firm’s presence in the Gatwick Diamond and across the south east
Kevin Humphreys joins the insolvency and restructuring firm from the National Crime Agency (NCA) Economic Crime Command
Ann Pomfret joins the Manchester office from BDO
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks