PwC has become the the latest of the Big Four firms to plan a reduction to its UK workforce. PwC has refrained from specifying the number of employees targeted by the initiative, confirming only that it would extend voluntary severance packages. However, it is expected that up to 600 positions could
Pwc
PwC's global firms have reported a record revenue of $53.1 billion (around £43.5bn) in the financial year ending 30 June 2023, marking a 9.9% growth in local currency. This achievement comes despite the exclusion of the Russian firm from the network and the sale of the global mobility and immi
Scotland has emerged as the UK’s most productive manufacturing region, with manufacturing output per hour being 19% higher than the UK average, according to new analysis by PwC UK. The new findings come as part of PwC’s Industrial, Manufacturing and Services Productivity Tracker, which a
Glasgow-based Fraser Wilson has been appointed as the new regional leader for financial services at PwC UK. Mr Wilson Fraser, who already leads on financial services for PwC Scotland, takes on the new leadership role, overseeing activity with financial services clients across the UK regions outside
PwC Scotland has reported a 12.5% increase in graduate recruits this year, with a total of 90 students joining the firm's offices in Glasgow, Edinburgh, and Aberdeen. Of the new recruits, the majority (43) will join the Edinburgh office, with 37 based in Glasgow and 10 in Aberdeen - with 77% of the
Joint administrators from PwC have announced the planned closure of all 400 Wilko stores by October, resulting in around 12,500 staff losing their jobs.
Joint administrators from PwC for Wilkinson Hardware Stores Ltd, along with its subsidiaries wilko Ltd and wilko.com Ltd, have confirmed the closure of two Scottish stores – Irvine and Clydebank – resulting in a loss of 38 jobs.
PwC UK has posted its financial performance for the last fiscal year, showing a rise in consolidated revenue by 16% to £5.8 billion. In line with their commitment to emerging technology, the company has decided to invest an additional £100 million in state-of-the-art technologies like AI
New analysis by PwC UK has shown that bringing labour market participation among Scotland’s older workers up to similar levels to the South East of England could create more than 55,000 additional jobs. The latest Golden Age Index highlights the significant regional variation in the employment
Wilkinson Hardware Stores Ltd, often known as Wilko, has fallen into administration. Jane Steer, Zelf Hussain, and Edward Williams from PwC have been named as joint administrators for the retail chain, which includes Wilkinson Hardware Stores Ltd, Wilko Ltd, and Wilko.com Ltd. The appointment came i
The Government's proposed Solvency II reforms have the potential to unlock investment by the insurance industry into the UK economy according to new analysis by PwC UK. The refresh of the Solvency II rules will make certain assets more attractive to insurers. This includes infrastructure assets in t
PwC has announced 226 promotions across Scotland, including one equity partner and 12 director appointments. Reaffirming the big four firm's commitment to Scotland, the promotional spree includes all service lines across its three Scottish offices.
The Financial Reporting Council (FRC) has imposed fines totalling £5.01 million on PwC and KPMG for audit failings in relation to Eddie Stobart Logistics (ESL), a logistics company listed on the Alternative Investment Market.
PwC UK has warned its 25,000 employees to brace themselves for smaller pay increases and potentially frozen salaries this year due to difficult market conditions, contradicting industry calls to address rising inflation which stood at 8.7% in May.
New data from PwC's Workforce Hopes and Fears survey has revealed a significant shift in the UK's employment landscape, with nearly a quarter (23%) of workers intending to change jobs within the next year, indicating that the 'Great Resignation' is not abating.