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PA Consulting redundancy consultations begin

 
#1 PA Consulting redundancy consultations begin
02/07/2009 15:53

Pa-er

Oh well - I suppose it was only a matter of time

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#2 RE: PA Consulting redundancy consultations begin
02/07/2009 15:57

Anon to Pa-er (#1)

Tell us more. We want to know EVERYTHING about it. We want every tiny detail you have. Thanks.

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#3 RE: PA Consulting redundancy consultations begin
02/07/2009 19:47

Js to Anon (#2)

It will give the guys in BOP and FS something else to whinge about. When they're on the dole.

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#4 RE: PA Consulting redundancy consultations begin
04/07/2009 09:13

Anon to Js (#3)

Does anyone have a view on the likely pay-off or whether voluntary redundancy will be an option?

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#5 RE: PA Consulting redundancy consultations begin
04/07/2009 10:50

PA-er to Anon (#4)

Yes - according to the briefing in 123 on Thursday, VRs will be offered. My personal opinion is that not many people will take VR in this market - So it will be more of a formality.

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#6 RE: PA Consulting redundancy consultations begin
04/07/2009 12:34

Anon to PA-er (#5)

The above post is inaccurate. No decision has been made on VR yet.

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#7 RE: PA Consulting redundancy consultations begin
04/07/2009 19:04

BOPper to Anon (#6)

The most likely option is compulsory redundancy offering the statutory minimum. This is PA, after all.

Expect the pay freeze to continue folks. Look forward to pay cuts and nil bonus next year, just as everyone else starts to pull out of the recession.

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#8 RE: PA Consulting redundancy consultations begin
05/07/2009 15:06

we can only hope to BOPper (#7)

Well BOPer we can only hope that you are one of the CR, at least then you'll be moaning from the outside.

Also, there'll still be plenty in the bonus pot this year - not as much as last year, but we are making good money.

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#9 RE: PA Consulting redundancy consultations begin
05/07/2009 15:15

Outsider to we can only hope (#8)

If PA are making such good money, then why such a large round of compulsory redundancies just as everyone else is starting to recover from the recession?

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#10 RE: PA Consulting redundancy consultations begin
05/07/2009 20:15

short term thinking to Outsider (#9)

Lots of partners wanting to maximise their own 2009 bonus and nobody at the top having the brains to realise if PA get any smaller, it will waste away to nothing. Yes, it should be used as an opportunity to get rid of some dross, but there needs to be recruits on the other side or in 2 years' time nobody will have a job.

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#11 RE: PA Consulting redundancy consultations begin
05/07/2009 21:28

Anon to short term thinking (#10)

There is unlikely to be a massive cull. I wonder how long though the current leadership team can last. Possibly time for some outside blood a la Moynihan in 92.

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#12 RE: PA Consulting redundancy consultations begin
05/07/2009 22:17

George O to deleted (#0)

Is this chain being censored? Some comments have definitely been deleted.

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#13 RE: PA Consulting redundancy consultations begin
06/07/2009 09:36

Bryan Hickson to George O (#12)

Morning George. Yes we are obliged to moderate the forum - most of this takes the form of deleting obscene postings or those that contain libellous content about individuals. Bryan Hickson - bryan@top-consultant.com

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#14 RE: PA Consulting redundancy consultations begin
27/07/2009 01:32

ex PA slugger to Anon (#11)

It's a cull right enough -plenty of people on the way out including many who are nowhere near PIP, crap scores or anything else.

How a mighty company can fall so badly is beyond me.

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#15 RE: PA Consulting redundancy consultations begin
27/07/2009 13:28

anonanonanon to ex PA slugger (#14)

Those who live by the sword, die by it

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#16 RE: PA Consulting redundancy consultations begin
27/07/2009 14:08

anon to anonanonanon (#15)

“Those who live by the sword, die by it”

What a load of ball aches. The only ones who will die by the sword are those who are fat, bloated, and fall at every obstacle. This encapsulates the physique and mindset of our PA partners: old, fat, and tired.

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#17 RE: PA Consulting redundancy consultations begin
27/07/2009 23:07

Anon to anon (#16)

The previous post criticising PA's CEO was removed - why? TC seem to be regulating heavily the flurry of PA posts in recent weeks.

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#18 RE: PA Consulting redundancy consultations begin
28/07/2009 06:45

anon to Anon (#17)

PA are not a fallen "mighty company" as a previous poster says. They were never mighty to begin with except in their heads. They will always be the lower middle class consultancy trying to challenge the respectable Big4 middle class and aspiring to be the MBBB aristocracy.

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#19 RE: PA Consulting redundancy consultations begin
28/07/2009 07:59

ex-PAer to anon (#18)

Er, know your history class boy. PA was once the largest consultancy firm in the world - bigger than MBBB - but was brought to its knees in the 70s and 80s by various factors. Moynihan rescued it in the early 1990s and turned it round to the extent that it is very strong in the UK and Scandinavia, less so elsewhere.

But he never wanted to return PA to its former glories - more to establish it as an alternative or even complimentary to the Big 4 and MBBB.

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#20 PA Consulting - what a joke
28/07/2009 08:46

Outsider to ex-PAer (#19)

“But he never wanted to return PA to its former glories - more to establish it as an alternative or even complimentary to the Big 4 and MBBB.”

And just look what a success that has been. Indeed, there is a good phrase to sum up PA Consulting’s strategy and vision -- “has been”

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#21 RE: PA Consulting - what a joke
29/07/2009 18:12

Monkey to Outsider (#20)

There's not a great deal of insight to give. It's an embarassing, disgraceful but typical shambles

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#22 RE: PA Consulting - what a joke
29/07/2009 18:17

Cowell to Monkey (#21)

It is impossible to summarise PA's strategy because there isn't one. No one would aim for ever decreasing circles, surely?

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#23 re: "No one would aim for ever decreasing circles, surely? "
29/07/2009 19:16

cynic to Cowell (#22)

Whilst I'm sure that PA's leaders aren't aiming for decreasing circles, it is somewhat hard to see what they / we are aiming for.

Out of the many possible measures to gauge the success of a firm's strategy, it's hard to know which ones have been employed at PA in recent times e.g.

- maintaining or growing market share

- maintaining or growing solution offerings

- maintaining or growing regional or national presence

- retaining or developing capable people to enable ongoing delivery of a long term go to market strategy

- maintaining an appropriate public presence / building awareness

What is still clear though is that PA is still a good profitable firm which counts for a lot in these troubled times.

What's lacking for me is a sense of the medium to long term vision for the firm, or the degree to which the leadership have personally committed to it.

PA people seem to be a generally capable bunch, but from corridor mutterings we seem to be in danger of losing morale (and people) unless the leadership become less interested in unimportant staff like controlling what colleagues write / blog online and focus more of their talent / energy in being visible and bolder in their vision and their willingness to discuss it / sell it.

PA still has a lot going for it; both as a firm and a place to work, despite the pretty negative rants on here - more visible leadership and ambition would I'm sure be very well received by staff.

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#24 RE: re: "No one would aim for ever decreasing circles, surely? "
29/07/2009 19:44

Erik the Viking to cynic (#23)

So say we all! Wholeheartedly agree with that post. PA is crying out for positive / new leadership!

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#25 RE: re: "No one would aim for ever decreasing circles, surely? "
29/07/2009 21:31

RP to deleted (#0)

There's a lot of personal commitment in maintaining the share price. That's the strategy.

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#26 RE: re: "No one would aim for ever decreasing circles, surely? "
30/07/2009 08:42

BOPper to RP (#25)

It’ll be interesting to see what happens to the share price over the next year. The split last year is now agreed to have been a terrible mistake, and the credit crunch slide in business will really hurt the price for years to come.

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#27 RE: re: "No one would aim for ever decreasing circles, surely? "
31/07/2009 16:21

you misunderstand to BOPper (#26)

Er, how was it a mistake? The share price jumped about 2 quid in 6 months, if anything the mistake was in not valuing the business correctly. Plus, if PA makes money, the share price goes up - it's not like the stock exchange you know!

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