Over 300 jobs at risk at KPMG

Posted 23/08/2012

More than 300 employees of KPMG are set to lose their jobs, the firm has announced.As many as three per cent of the organisation’s workforce are likely to be cut as a result of the move, with around 340 positions expected to be lost.KPMG blamed a “subdued economy and fast-changing marketplace” for the decision in a statement, adding: “Clearly, any redundancy situation is regrettable – and KPMG will make every effort to redeploy individuals within the firm.”It is believed that the company’s 610 partners are not expected to be affected by the cuts to the workforce in the UK.
KPMG is a financial services company that handles liquidations and administrations of firms up and down the country that are facing insolvency.According to its website, the business prides itself on its “bright, motivated and committed team of experienced advisers”, as well as the hands-on approach to solving complex business issues it takes.