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 Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting