BDO Stoy Hayward

Type
Internal restructuring
Country
United Kingdom
Region
London; Inner London - East;
Location of affected unit(s)
London
Sector
Professional Services
69 - Legal and accounting activities
69.2 - Accounting, bookkeeping and auditing activities; tax consultancy
69.2 - Accounting, bookkeeping and auditing activities; tax consultancy
250 jobs
Number of planned job losses
Job loss
Announcement Date
5 December 2008
Employment effect (start)
Foreseen end date

Description

BDO Stoy Hayward, an accounting company, has announced that it is to cut 250 jobs at its London office.The job cuts represent around 8%of the workforce. According to the Financial Times, Simon Michaels, BDO managing partner at BDO stated ‘the current market conditions mean that it is prudent business management to review the size and scale of your business.’As of 7 December 2008, BDO Stoy Hayward has not announced when these job cuts will be made.

Sources

  • 5 December 2008: Financial Times

Citation

Eurofound (2008), BDO Stoy Hayward, Internal restructuring in United Kingdom, factsheet number 67564, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67564.