Accountancy firm Deloitte has announced that it is seeking 70 voluntary redundancies, around 6% of its staff.
The company employs 1,200 in Dublin, Cork and Limerick.
The redundancies will come from across the firm and will primarily impact on recently qualified accountants with between one and three years experience.
The company said it is also applying salary reductions across the firm on a graduated basis of between 5% and 10%, with the higher level applying to those earning above €60,000 a year. In addition, a pay freeze will take effect until the autumn of 2010.
The firm is also offering increased flexibility in working arrangements in a number of areas including incentivised leave for periods of between three and 12 months.
In a statement the company said the changes are designed to maintain employment for the greatest possible number of people.
Staff were informed of the decisions in a series of meetings today.
Deloitte also announced that it will be maintaining its annual graduate recruitment programme in autumn 2009.
