PricewaterhouseCoopers To Add 800 Staff To Its UK Workforce

Tue, 07 Sep 2010

PricewaterhouseCoopers(PwC) has announced that it plans to take on 800 new employees across its businesses in a bid to "enhance the services and value" they offer to clients.

PwC chairman and senior partner Ian Powell said it was necessary for the Big Four accountancy firm to "hold its nerve" despite the continuing challenges of the UK economy.

He said: "The government is clearly addressing the debt burden and making spending cuts is unavoidable, but the emphasis must be on investing to accelerate business growth in the interests of the UK’s long-term economic health."

The creation of 800 jobs will be in addition to its programme to recruit 1,200 graduates, the company confirmed.

The jobs announcement comes after PwC reported turnover growth of 4 per cent for the year ending June 2010, up from £2.25bn to £2.33bn.

Net revenue also rose by 4 per cent to £2.1bn, but pre-tax profits suffered a 3 per cent fall from £688m to £665m. Each of the company’s 820 partners received a £759,000 payout, 2 per cent less than last year.

Mr Powell said that PwC had delivered a "good, solid set of results given the market and economic backdrop".

"We stayed close to our clients through this testing period and continued to invest in the future of our business."

"These investments included the recruitment in the UK of 1,750 people, 57 new partners, a strategic alliance with our Middle East network firms, a new and environmentally leading London office and the acquisition of the Paragon consulting business."
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