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PwC salary cuts and redundancies

 
#1 PwC salary cuts and redundancies
01/03/2009 17:46

Steve O

Does anyone have an idea of what the plans are for further PwC pay cuts and redundancies beyond the 10% across-the-board cut they reported this week? Is it pointless to try negotiating salary if I'm currently interviewing?

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#2 RE: PwC salary cuts and redundancies
01/03/2009 18:51

anon. to Steve O (#1)

Are these measures being implemented across the whole firm or just the advisory business?

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#3 RE: PwC salary cuts and redundancies
01/03/2009 19:47

Steve O to anon. (#2)

The 10% is mandated firmwide, but individual businesses may then make their own choices. I'm interested what the Advisory business is deciding. e.g. Accountancy Age suggested that newly qualified PwC accountants may not be offered extensions beyond the training contract, similar to KPMG's decision.

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#4 RE: PwC salary cuts and redundancies
02/03/2009 07:57

Mr S. Kint to Steve O (#3)

Ahhh, I feel so much better reading all of this.

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#5 RE: PwC salary cuts and redundancies
12/03/2009 13:20

a pwc director to Steve O (#1)

This is rubbish - PwC UK has not implemented any across-the-board pay cuts. (PwC Ireland has done so I believe).

There are also no significant redundancy programmes - many areas of business are extremely busy (particularly in Advisory). There are some targetted severance programmes in certain areas.

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#6 RE: PwC salary cuts and redundancies
12/03/2009 13:30

Joiner to a pwc director (#5)

@ "PwC director"

Would you be able to provide some insight on how PwC's strategy group is fairing? I've heard talk of a recent restructuring....

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#7 RE: PwC salary cuts and redundancies
12/03/2009 13:34

Steve O to a pwc director (#5)

PwC Director - no need to be so defensive, we're talking about IE

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#8 RE: PwC salary cuts and redundancies
12/03/2009 14:28

The PwSeer to Joiner (#6)

See thread 51712 for the restructuring details

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