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April 30, 2008

E&Y France to slash Greater Paris jobs

Ernst & Young France (E&Y) is to cut 212 jobs in its audit, transactions and advisory practices primarily in the Ile-de-France (Greater Paris) region.

The cuts represent less than 5 percent of its total workforce.

E&Y country managing partner Jean-Pierre Letartre said the voluntary departures will mainly impact staff with at least three years of professional experience. Another 95 support staff from E&Y offices across France will also be asked to leave the firm.

Letartre forecasts that E&Y revenues in France will fall by about 5 percent in the financial year to 30 June 2009.

He expected a similar drop in activity for the next fiscal year but confirmed that E&Y still expects to recruit 400 graduates in France this year.

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