About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   sharetrader.co.nz  |   stockguru.co.nz
 
sharemarket
NZX 50 Index 3092.20 9.70
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60

KPMG feels the squeeze

Friday 23rd February 2001

Text too small?
By Jock Anderson

Big five firm KPMG Consulting has continued to shed staff from its human resources consultancy division.

Forbidden to talk about cuts lest they alarm clients, staff said the HR consultancy division, which has offices in Wellington and Auckland, was facing closure, a claim vigorously denied from Singapore yesterday by CEO Peter Kane.

Staff said KPMG had recently put up its rates and there was market resistance to senior consultants charging between $2500 and $3500 a day.

Mr Kane said about 12 staff were likely to go, not 30 as alleged to NBR, and said overall staff numbers had increased.

About 20 staff were axed last May, following the sale of KPMG Consulting by its parent professional services giant KPMG.

KPMG Consulting has tried to reposition itself as a technology consultancy. When the company culled staff last May Mr Kane said some staff had not fitted in with a new direction.

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
Bookmark and Share   Printable version
Related News

Stocks to watch: Burger Fuel, Fisher & Paykel, Nuplex
Kiwi holds gains as US data buoys risk appetite
While you were sleeping: Outlook a bit brighter
Daily ShareChat: Nuplex
Fairfax appoints two new directors
MARKET CLOSE: NZ stocks buoyed by offshore sentiment
Big Three womens' mag publishers become Big Two
Pyne Gould's Perpetual unit in talks to buy Aegis WRAP platform
Fonterra hires NZX to design share trading platform
High Court throws out Bridgecorp chairman's appeal

 
Previous News
Sharemarket News By Email
AM Update (daily) - View sample
News Alerts - View sample
After the Bell (daily) - View sample

More info - RSS feeds - Unsubscribe/Update

Stock Quote
Exchange:
Stock Code:
Don't know the stock code? Search by keyword:
Keyword:
At a Glance
NZX 50 Index 3092.20 9.70
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60
Comment & Analysis

One of our mortgages came up for roll-over in the past couple weeks and, after a squizz around www.mortgagerates.co.nz, and a general vague feeling that interest rates are only going to rise from here, we fixed for three years at a bit over 7%. Who knows if that was the right thing to do?  Picking where [...]
Pattrick Smellie  More »

Pattrick Smellie
  forex centre
cfd centre
options centre
NZX 15 Index
AIA 2.04 -0.01
APT 0.75 0.01
CEN 5.65 0.01
FBU 7.70 0.02
FPH 2.99 0.00
GMT 0.94 0.01
IFT 1.68 0.00
KIP 0.97 0.01
NPX 3.22 0.02
NZO 1.21 0.01
RYM 2.06 0.00
SKC 2.95 0.00
SKT 5.10 0.03
TEL 2.05 0.02
VCT 2.08 0.00

More market prices »

NZX Announcements

© Copyright 2010 Tarawera Publishing Limited. All Rights Reserved.