ACCOUNTANCY firm Ernst & Young (E&Y) is cutting 60 jobs at its Glasgow office after it agreed to outsource part of its global IT support to a third party in an effort to cut costs.
It is thought that a further 40 contract roles will also be lost. The move will make a huge dent in the number of staff at Pacific House, where the “big four” practice employs 165 people.
The firm has done a deal with Stefanini, a Brazil-based business process outsourcing company. It is thought the roles will be moved to the Philippines and Romania.
Stefanini has more than 16,000 employees spread across 71 offices in 30 countries.
Staff at the accountancy firm were told on Monday at a “town hall”-style meeting about the cuts, which are part of E&Y’s “vision 2020” programme. The firm pledged to redeploy staff where possible.
A spokesman for E&Y said: “As with all organisations, we routinely review our business and staffing structures, particularly during times of continued economic uncertainty. We have taken the difficult decision to transfer some of the IT services provided by the Glasgow-based division of our global IT service desk to an external vendor, Stefanini.
“As a result, we are now consulting with a small number of people, 60 full-time global IT service desk staff, around 0.5 per cent of our entire UK workforce. We do, of course, hope to redeploy a significant number of those people into other areas of the firm where their skills are transferable.”