Howard Kennedy to make redundancies
23 November 2012
Howard Kennedy has just announced it will be making up to ten redundancies.
The firm is still waiting for its proposed tie up with Finers Stephens Innocent to create Howard Kennedy FSI. This was due to have taken place on 1st November, but has now been pushed back to 1st February. And in the meantime up to ten support staff are to lose their jobs. That is on top of 10% of the firm's partnership being given its marching orders
back in February.
Concerns that the new firm's gearing would be unworkable
and would result in redundancies were originally dismissed by HK, which claimed it would be embarking on an aggressive
However a spokeswoman denied that the redundancies had anything to do with the proposed merger, saying that "it
is important to stress that this is a standalone Howard Kennedy
restructuring process and not related to the merger with Finers Stephens
Innocent in any way
". Yes yes yes, right, of course.