We reported in May rumours that national mid-sized firm Herbert Geer had implemented a range of cost-cutting measures, including claims of secret redundancies and tight-fisted party-pooping.

some definite over-exposure with this bum-steering

We remarked in July on the inconsistency between these cost-cutting allegations and the rumoured decadent refurbishment of Herbert Geer’s Melbourne office.

Today, with thanks to ALB, it became clear that Herbert Geer probably was never in the kind of financial straights that would have warranted the rumoured cost-cuts and redundancies. Managing partner Bill Fazio today said:

I think in terms of our business … we were underexposed to construction, infrastructure, major projects

Underexposed … to a few of the areas suffering GFC-induced workflow reductions? We would have thought this is a cause for celebration, not party-pooping! In the same article, it is noted that Fazio expects the firm:

to continue on the trajectory that has seen it grow 50% in the last financial year …’we expect to be continuing to grow throughout this financial year on a significant basis.’

With all this undexposure, rumoured cost-cuts and redundancies, it is probably no surprise that Herbert Geer has enjoyed this tremendous growth. But has Herbert Geer given workers the bum steer?

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