GLOBAL - PricewaterhouseCoopers is planning to cut 7% of it UK consulting staff in the wake of the current global economic slowdown.
The financial services giant has asked 280 employees to take voluntary redundancy saying it has suffered from the downturn in the technology sector.
It said the losses would affect specialists in areas such as business organisation strategy.
PwC said it was offering “attractive and competitive” redundancy packages based on age, length of service and job profile.
The redundancies follow the firm’s decision to cut 10% of its UK partners earlier this year.
By Michael Schiniou
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.