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PwC (Optional) Unpaid Leave of Absence Initiative Receives Approval

– 16 June 2009Posted in: Firm Gossip, PwC

PwC today announced that 3500 staff agreed to participate in its ‘I Cant Believe It’s Not: A PwC Pay Freeze’ initiative.

we will NOT feed you to the lions if you decline

Chief Executive Mark Johnson said in today’s AFR:

This is one of the better strategic things we have done for some time.

Johnson also took time to point out the ‘voluntary’ nature of the program:

We emphasised we were not putting pressure on people to take part

However, a PwC spy had a different assessment of the unpaid leave plan in comments we received back in May. Who is telling the truth (we don’t know)? The comments we received in May appear to strike a similar chord to the present murmurings at KPMG.

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Tags: leave of absence, Mark Johnson, pay reduction, PWC, PwC

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