Accenture announces senior layoffs

21 August 2009

Outsourcing company Accenture has announced it is to lay off a number of its senior executives as part of a restructuring move.

The firm, which recently agreed an extension of its contract with insurance group RSA, said it is cutting around 336 positions - seven per cent of its senior executives.

It also intends to reduce its office space as the business looks to improve efficiency and growth in the present economic climate.

"We're taking proactive steps to ensure that we have the right cost structure to support our business going forward," chairman and chief executive William Green stated.

The move will cost the company $247 million in pre-tax restructuring charges, Accenture noted in a statement.

It recently announced that it will begin providing RSA with a new policy management system as part of an extension of a deal that was signed by the two parties six years ago.

Written by Tony Aynsley

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