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.
Richard Oddy, Casper Kaars Sijpesteijn and Rory Goldthorpe have been appointed to senior roles in key sectors of high growth, with a further 17 junior and experienced hires
Adrian Hyde, a partner at CVR Global, has been appointed as the new president for a year-long term, effective 21 April this year
Richard White, Nicola Westbrooke and Richard Ross all join from KPMG, where they oversaw the real estate tax practice
Sheryl Davis joins the firm's High Wycombe office from Barnes Roffe