P&O Ferries settles with laid-off chef following unlawful firing of 800 staff P&O Ferries P&O Ferries has settled an employment lawsuit brought forward by one of the nearly 800 seafarers it unlawfully fired in March. The ferry operator settled a case with one of its former chefs for an undisclosed sum after the Dubai-owned company admitted breaking the law by firing 800 staff, without consultation, over a pre-recorded video [...]
Deloitte pays partners more than £1m each as consulting revenues surge Big Four Deloitte today said its 672 equity partners will take away average payouts of £1.06m each after a bumper year for its advisory business saw the Big Four accounting firm’s revenues surge 10 per cent to £4.9bn. The uptick in Deloitte’s UK revenues for the year running up to 31 May 2022 came as sales [...]
5m Brits have more than one job while double that number is looking for a side hustle Cost of living crisis More than 5m Brits are turning to a second or even third job to beat the cost of living crisis, while another 10m are considering it, according to new data out today from insurer Royal London. In fact, a separate study commissioned by GoDaddy shows that nearly one in three of firms that have under 10 employees are secondary [...]
Deloitte to recruit 3,500 new consultants in £220m hiring spree September 20, 2022 Deloitte is set to hire 3,500 new consultants as part of £220m plans to capitalise on surging demand for advice as businesses seek to navigate the digital and green transitions. The hires will see the Big Four accountancy firm’s increase the size of its consulting workforce by 40 per cent over the next half a [...]
Legal sector wage inflation expected to slow, Gateley chief executive says September 13, 2022 The head of UK listed law firm Gateley Plc has said he expects “pay inflation” in the legal sector to slow over the coming year. Speaking to City A.M. Gateley chief executive Rod Waldie said “wage inflation has been the single biggest issue we’ve had to confront” as he noted the law firm’s payroll costs [...]
Travers Smith’s partners see payouts drop 10 per cent to £1.1m August 30, 2022 Partners at Silver Circle law firm Travers Smith have seen the value of their annual payouts drop by 10 per cent, according to the City law firm’s annual results. Travers Smith’s partners are set to receive payouts worth £1.105m for the financial year ending on 30 June 2022, compared to sums of £1.22m in the [...]
Tight labour market is main threat to UK firms, business chiefs warn August 30, 2022 A tight labour market is threatening to choke off growth in UK firms this year as bosses struggle to attract and retain staff, a new survey has revealed.
Woman wins tribunal against Swiss Re over executive’s sexist comments August 25, 2022 A former underwriter at Swiss Re has won an employment tribunal against the world’s biggest reinsurance company, after a senior executive at the firm told her: “If I had breast like yours, I would be demanding too.” Julia Sommer, a political risk underwriter at the Swiss insurer, is now set to receive a payout, after [...]
Stewarts tops UK law firm pay rankings with partner payouts of £2.7m August 23, 2022 London law firm Stewarts today said its partners will receive payouts of more than £2.7m each – more than partners at any other major UK firm. The London firm said its 21 equity partners will receive payouts of £2.74m each for the financial year ending on 30 April 2022 after the value of its profit-per-equity-partner [...]
Deloitte to hire 6,000 new UK staff over next five years August 22, 2022 Deloitte today set out plans to hire more than 6,000 new UK employees over the next five years in a bid to boost the quality of its audit work. The plans will see the accounting firm recruit at least 1,200 audit and assurance professionals each year from 2022- 2027, including around 5,000 new auditors. The [...]