KPMG introduces 15% 'salary sacrifice' as covid-19 bites

Thu, 23 Apr 2020

KPMG has asked staff to take a 15 percent pay cut, calling it a “salary sacrifice” needed since it doesn’t qualify for the government wage subsidy. It is also cutting partner drawings by 20 to 40 percent, a move in line with two other big four accountants, EY and PwC. However, those firms have not disclosed how much their reductions are. Deloitte, which is also rated as one of the “big four,” did not respond to BusinessDesk’s request for information earlier this month. Last Thursday, KPMG aske...

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