Olswang set for cuts in finance and employment with six jobs under threat
Olswang has become the latest in a string of firms moving to to cut jobs, after placing six roles at risk of redundancy. The move, first reported by RollOnFriday, will affect six staff positions across the firm's finance and employment teams.
January 30, 2013 at 06:54 AM
2 minute read
Olswang has become the latest in a string of firms moving to to cut jobs, after placing six roles at risk of redundancy.
The move, first reported by RollOnFriday, will affect six staff positions across the firm's finance and employment teams.
The firm commented: "Following an internal review, we have identified the need to make some structural changes to the firm's finance and employment teams.
"We are consulting with six members of staff who may be affected by these changes about their future roles. At this stage, no redundancies have been announced. We hope to be able to avoid the need to make any dismissals by exploring alternative roles during the consultation period.
"The proposed changes will enable these teams to work more efficiently and profitably – thereby equipping them for continued growth in the future. The changes are driven by the specific business needs of the affected teams and are not a reflection of a wider redundancy exercise at the firm."
The news comes afterit emerged today (30 January) that Clyde & Co has put a number of support staff positions at risk of redundancy, following a review of its business services departments carried out in the wake of its merger with legacy Barlow Lyde & Gilbert.
Allen & Overy (A&O) last week announced it is set to make up to 43 back office redundancies across its New York and European offices, as the firm prepares to transfer support roles from its international network to its Belfast support services centre.
At the same time Eversheds confirmed it had placed 166 jobs at risk of redundancy, including 84 non-lawyers and 82 lawyers, including equity and non-equity partners – equating to around 6% of the firm's total headcount.
DLA Piper also last week confirmed the closure of its Glasgow office by the end of April, making approximately 45 members of staff redundant following a redundancy consultation launched at the end of November.
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