Pinsent Masons is launching its second redundancy round of the year, with
about 15 support roles to be axed. RollOnFriday understands the firm's
finance and central knowledge management departments will be affected.
It's a tough time to be a non fee earner at Pinsent Masons. Following the firm's recent merger with McGrigors, which led to a duplication of support roles, redundancies were perhaps inevitable. The firm launched a consultation last June and in August axed 47 support roles, 40 of them voluntary redundancies. But to have another round in a matter of months must be rather bruising for morale at the firm.
Pinsents insists that this is the final phase of the process which kicked off with the summer redundancies and says that some new jobs are being created too. Which is good news, but will presumably be cold comfort to those facing the New Year unemployed.
A spokesman for Pinsent Masons said, “In June the firm began an exercise to review existing support structures in light of its merger and consider what changes would be needed to provide the most effective level of support to the combined business. As anticipated, duplicate roles were identified within our support teams and a number of people left the firm. We are now about to conduct the second phase of this process and expect around 15 support roles to be at risk. We are consulting with those affected and anticipate that this will be complete in December.”
Happy Christmas.
Tip Off ROF
It's a tough time to be a non fee earner at Pinsent Masons. Following the firm's recent merger with McGrigors, which led to a duplication of support roles, redundancies were perhaps inevitable. The firm launched a consultation last June and in August axed 47 support roles, 40 of them voluntary redundancies. But to have another round in a matter of months must be rather bruising for morale at the firm.
Pinsents insists that this is the final phase of the process which kicked off with the summer redundancies and says that some new jobs are being created too. Which is good news, but will presumably be cold comfort to those facing the New Year unemployed.
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A sombre Pinsent yesterday |
A spokesman for Pinsent Masons said, “In June the firm began an exercise to review existing support structures in light of its merger and consider what changes would be needed to provide the most effective level of support to the combined business. As anticipated, duplicate roles were identified within our support teams and a number of people left the firm. We are now about to conduct the second phase of this process and expect around 15 support roles to be at risk. We are consulting with those affected and anticipate that this will be complete in December.”
Happy Christmas.
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47, 15 and ? announced separately certainly sounds better than
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Tis the season to be jolly tralalalala lalala
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Hmmmmm....
Great timing..
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Agree I really don't see the logic of the merger to Pinsents. They wanted to expand internationally and landed up bulking up in Scotland, not exactly a high growth economy. After the Salans debacle it seemed they were desperate for a merger, any merger.
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Thus, the job losses were vital opperational roles rather than high end management roles. And no doubt a very costly and pointless exercise.
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Clearly a sign that all is not well in the land of PM.
The McGrigors merger was a great win for themselves, and it is beginning to look like PM have been forced to yeild to their processes, systems and existing structure.
A pointless merger, bringing little value to firm as a whole (unless of course you are a McGrigor!)