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November 21, 2019updated 28 Jan 2021 9:24am

KPMG staff redundancies planned for TCE Unit

By Zoya Malik

KPMG  is planning to make redundancies across its Transformation Centre of Expertise (reported by Sky News), the unit involved with in-house project management to include, as one of its primary functions, the transfer of hundreds of personnel from its consulting arm into its audit practice  

Zoya Malik, Group Editor, International Accounting Bulletin approached officials at KPMG to find out how many employees would be affected and how this move will meet KPMG’s strategic cost cutting targets and impact client requirements.  A KPMG spokesperson commented, “The team is currently 37 people and is likely to be (down to) 20 individuals, once the process is complete. We are transforming our UK business. As part of this work, we are reviewing the role of our Transformation Centre of Excellence. The proposed changes will see our in-house team work increasingly closely with our client-facing experts on delivery of in-house transformation projects, pooling their expertise and best-in-class project management tools to the benefit of our clients and our own business. We are now in the process of consulting with affected staff on the plans.”

 

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