Deloitte to cut ‘more than 800 jobs in the UK’

The company, one of ‘big four’ accountancy firms, is considering the move as part of a cost-cutting restructuring. It employs 27,000 people across Great Britain and Northern Ireland.

Deloitte is planning to cut more than 800 jobs in the UK, sources say.

The company, one of the ‘big four’ accountancy firms, is considering the move as part of a cost-cutting restructuring.

In a statement to Sky News, Deloitte confirmed some roles were potentially at risk of redundancy, but did not go into specifics.

The proposed job losses represent a 3% cut in the company’s 27,000-strong workforce in the UK, a source told Reuters news agency.

Deloitte chief executive Richard Houston said in a statement: “Today we announced some targeted restructuring across our businesses, which may – subject to consultation – put some roles at risk of redundancy.

“This follows a slowdown in growth, which, combined with the ongoing economic uncertainty, means we have to consider the shape of our business and may mean we have to make some difficult decisions.”

He added: “I fully understand this is an unsettling time for those people affected and we will be doing everything we can to support individuals with care and respect.”

It comes after Deloitte announced in April plans to slash 1,200 jobs in the US.

That was followed by KPMG, another member of the ‘big four’ alongside EY and PwC, which said in June that it would cut 5% of its workforce in the US.

EY also reportedly told workers last month it was preparing to make 150 roles in the UK redundant.

Source: https://news.sky.com/story/deloitte160to-cut-more-than-800-jobs-in-the-uk-12960727

Adani Group appoints MSKA & Associates as APSEZ’s auditor, says Deloitte’s reasons to quit ‘not convincing’

Adani Group has appointed accounting firm MSKA & Associates as Adani Ports and Special Economic Zone’s (APSEZ) auditor, replacing Deloitte. The group said on Saturday it found the reasons cited by Deloitte for resigning as the company’s auditor “not convincing”.

Deloitte has resigned as auditor of the Adani group’s port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller.

The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.

In a statement, Adani Ports & Special Economic Zone (APSEZ) confirmed the resignation and appointment of M S K A & Associates as the new auditor.

Deloitte has been the auditor of APSEZ since 2017. In July 2022, it was given another five-year term.

“In Deloitte’s recent meeting with APSEZ management and its Audit Committee, Deloitte indicated a lack of a wider audit role as auditors of other listed Adani portfolio companies. The Audit Committee was of the view that the grounds advanced by Deloitte for resignation as Statutory Auditor were not convincing or convincing or sufficient to warrant such a move,” it said.

Source : https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/adani-appoints-mska-associates-as-apsezs-auditor/articleshow/102683240.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Exit mobile version