Cap Gemini Ernst & Young announced hundreds of staff
cuts by voicemail, claims The Times today.
Maurice Abell, chief executive of Cap Gemini in the UK and
Ireland, left a voice mail message for most of his 9,000 staff informing them
of plans to cut 750 jobs in the UK.
He has also asked its top executives to take pay cuts of up
to 30 per cent. The company’s top ten earners, some on up to £400,00 a year, could
face pay cuts of around £100,000.
The firm hopes that redundancies, representing about 8 per
cent of the UK workforce, will be voluntary. If insufficient people come
forward then compulsory cuts will follow in January.
By Paul Nelson