KPMG staff accept reduced hours to prevent redundancies
06-05-2009
In order to avoid redundancies during the recession, many workers at KPMG have offered to move to a four-day week.
Around 85 per cent of the company's 11,000 staff chose to do this or take a partially-paid career break in order to protect jobs, Employee Benefits reports.
If workers wanted to take the career break option, they were asked to submit an application in January. These breaks will last between four and 12 weeks and employees will receive 30 per cent pay.
Ingrid Waterfield, KPMG's UK head of reward, said: "We want to keep our top talent and this is a way of retaining people rather than having to go down the redundancy route."
Many workers, unions and MPs are currently calling for a crack-down on employers who make staff redundant without giving enough notice or going through the proper channels.
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