Deloitte Closing Four UK Offices As Employees are Offered Full-Time Remote Working

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19 October 2020

The Big Four accounting firm is closing four of its 50 UK offices, affecting 500 employees.

As reported by the Financial Times, Deloitte will close offices in Liverpool, Southampton, Gatwick and Nottingham due to a reduced need for physical office space resulting from the COVID-19 pandemic. Staff will be offered full-time remote working instead.

This follows this news that in Spring 2020, Deloitte applied a 17 per cent pay cut to all of it’s UK equity partners, and introduced staff pension reductions. The company's student summer internship scheme has also been cancelled to cut costs.

Following Suit with Other Financial Institutions

Deloitte’s decision echoes wider home working trends in the finance sector. A recent survey conducted by CBI/PwC, polled 133 financial services firms and found that 88 per cent said the pandemic had resulted in a greater shift towards remote working.

The majority also admitted that more than 90 per cent of their workforce didn’t need to be in the office to do their jobs. 

Conversely, it was recently reported that Morgan Stanley will commit to a central London office presence, seeking at least 600,000 square feet of space in the capital.

Picture: a photograph of a skyscraper marked with the Deloitte logo

Article written by Ella Tansley | Published 19 October 2020

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