KPMG to lay off 200 workers

ONE in 10 workers at accountancy giant KPMG are to lose their jobs.

Recently qualified accountants and support staff will make up the bulk of the 200 redundancies at the firm’s Irish operations, which employs 2,000 people.

It is also asking staff to take pay cuts of 5% to 10% — a 5% drop for those earning less than e35,000 while anyone above €35,000 will see their wages reduced by 10%.