A PwC spinoff that might actually be profitable?
According to press reports, PwC has asked most staff to take three weeks’ unpaid leave, ‘effectively equivalent to a 6 per cent pay cut over the course of a year.’ This from the same Big4 accounting firm that mercilessly wielded the sack-axe both before, and after, the Christmas break. Not a festive bunch!
A PwC spy sent us the following scathing opinion:
I am personally baffled that it is necessary to enforce a scheme of unpaid leave. They [the partners] have already made dozens of my former workmates (and dear friends) redundant. Some of my sacked colleagues are still out of work. Yes, they are on Centrelink! Where’s the love?
Where is the love? To add insult to injury, PwC director of human capital (hah) Sharon Bell confirmed that discretionary bonuses would still be paid:
we are going to continue to promote people across the board and we are going to continue to pay out bonuses across the board.
Do you think discretionary bonuses should be shelved in favour of lifting a forced, unpaid leave-of-absence scheme?
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