Audit, accounting and business services firm BDO Stoy Hayward has launched a new financial advice service for companies planning to carry out redundancies .
According to the firm, the new offering is designed to aid businesses that are looking to support axed employees while also making life easier for their human resources departments.
BDO director Mark Howlett said the redundancy advice service will provide assistance for both businesses and individuals.
He explained: "Many companies that have always taken a paternalistic approach will be finding the current market conditions particularly tough as they are forced to make decisions they thought they would never need to make."
"A lot of people will not have been made redundant before and will be unsure of where they stand financially," he added.
Last week, professional services firm PricewaterhouseCoopers warned that the deepening economic recession is forcing many UK companies to tread a fine line between staff retention and cost reduction.
BDO Offer Firms Redundancy Support Service
Tue, 31 Mar 2009
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