Accountants Deloitte today said that it is seeking 70 voluntary redundancies from its workforce of 1,200 in Dublin, Cork and Limerick. This is about 6% of its staff.
The redundancies will come from across the firm and will mainly impact on recently qualified accountants with between one and three years experience.
Deloitte 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.
It also said that a pay freeze will take effect until the autumn of 2010.
Deloitte also said that it is offering increased flexibility in working arrangements, including incentivised leave of between three and 12 months.
The company said the changes were designed with the objective of maintaining employment for the greatest possible number of people.
Deloitte staff were informed of these decisions in a series of meetings today.
Earlier this month, accountancy and consulting group KPMG said it would make around 200 people redundant at its Irish businesses. This represents around 10% of the workforce.
