The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services Professional Legal And Technical Acconuting Activities Legal And Accounting Activities 69.2 - Accounting, bookkeeping and auditing activities; tax consultancy
250 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67564.
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